Brazil's government on Wednesday moved to curb the steep rise of the real, slapping a 1.5 percent tax on some Brazilian shares traded in the United States.
The tax will be levied on so-called American depositary receipts, a type of stock bought in the United States in foreign non-listed firms.
The government hopes the move will slow the influx of cash to Brazilian securities that has helped send the real skyward, along with the weakened dollar.
The real has appreciated over 30 percent this year against the greenback.
Hoping to stem that trend, the Brazilian government announced in October a two percent tax on some capital inflows.
While Brazilians have seen their purchasing power skyrocket with the real, exporters in the raw-material rich nation have seen their goods become less competitive on world markets.
The currency has also risen thanks to Brazil's jet-powered economy.
Earlier this month the government reported Brazil's economy grew eight to 10 percent in the third quarter compared to the same period in 2008.
