National Bank of Angola which at the time was an overseas province of Portugal. In 1926, the Portuguese established a separate issue bank for Angola, creating the Bank of Angola (). BNU transferred its branch in Stanleyville to this bank, which in 1934, transferred the branch to Boma, before closing it in 1947. When Angola gained its independence in 1975, the government nationalized the banking sector. "Banco de Angola" became "Banco Nacional de Angola" (BNA); "Banco Comercial de Angola" became "Banco Popular de Angola", and is now "Banco de Poupança e Crédito". The BNA continued to function as a central bank, bank of issue
Flag of Angola Flag of Angola The national flag of Angola came into use at when Angola gained independence on November 11, 1975. It is split horizontally into an upper red half and a lower black half with an emblem resting at the center. It features a yellow half gear wheel crossed by a machete and crowned with a star. The Angolan flag is based on the flag of the Popular Movement for the Liberation of Angola (MPLA), which fought Portuguese colonial rule and emerged as the ruling party of Angola following the Angolan Civil War. The MPLA flag is similar to the