Brazil is expected to adopt new FX measures, according to Finance Minister, Guido Mantega, Bloomberg reports. The government will not impose a 15% income tax on foreign bondholders as part of measures to curb gains in the currency.President-elect Dilma Rousseff’s administration may adopt trade measures to deal with the stronger real, added Mantega. The country’s foreign currency reserves increased 20.4% in 2010 to $287.8 billion, adds The Wall Street Journal.
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