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
1990s in Angola 1990s in Angola In the 1990s in Angola, the last decade of the Angolan Civil War (1975–2002), the Angolan government transitioned from a nominally communist state to a nominally democratic one, a move made possible by political changes abroad and military victories at home. Namibia's declaration of independence, internationally recognized on April 1, eliminated the southwestern front of combat as South African forces withdrew to the east. The MPLA abolished the one-party system in June and rejected Marxist-Leninism at the MPLA's third Congress in December, formally changing the party's name from the MPLA-PT to the MPLA. The National Assembly passed