Men work on the Japanese Mitsui O.S.K. Lines ship while it is loaded with containers at the Libra Terminal inside the Porto de Santos shipping facility in Santos, Brazil, on Wednesday, Nov. 21, 2007. Santos is the largest port in Latin America moving annually 25% of the value of goods negotiated by Brazil in the international market. Photographer: ANDREW HARRER / BLOOMBERG NEWS

The Real deal: At a conference in Miami organized by the University of Miami's Center for Hemispheric Policy, panelists noted Brazil's overvalued currency and rising inflation. MARCOS ISSA / BLOOMBERG NEWS

An employee of the central bank of Brazil displays new real notes following a news conference in Brasilia, Brazil, on Monday, Dec. 13, 2010. Brazil issued redesigned 100- and 50-reais notes, produced by Casa da Moeda, that have safety features such as holograms and special inks to make it easier to spot counterfeit cash and more difficult to copy. Adriano Machado / Bloomberg