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
Cuban intervention in Angola fighting was taken up throughout the whole country. The independence movements attempted to seize key strategic points, most importantly the capital on the day of independence. In a meeting of the United States National Security Council (NSC) on 27 June 1975, U.S. President Gerald Ford said that, in spite of planned elections, it was important to get "his man" in first, referring to then UNITA leader Jonas Savimbi being in control of Luanda before the elections. Arthur Schlesinger pointed out at the same meeting that the U.S. "might wish to encourage the disintegration of Angola. Cabinda in the clutches of