Portuguese Mozambique a leftist military coup in Lisbon which replaced Portugal's regime in favor of a military junta (the Carnation Revolution of April 1974), FRELIMO took control of the territory. The talks that led to an agreement on Mozambique's independence, signed in Lusaka, were started. Within a year, almost all ethnic Portuguese population had left, many fleeing in fear (in mainland Portugal they were known as ); others were expelled by the ruling power of the newly independent territory. Mozambique became independent from Portugal on 25 June 1975. At least since the early 19th century, the legal status of Mozambique always considered
Bank of Mozambique Bank of Mozambique The Bank of Mozambique () is the central bank of Mozambique. The bank does not function as a commercial bank, and has the responsibility of governing the monetary policies of the country. The president of the Republic appoints the governor. The bank is situated in the capital, Maputo, and has two branches, one in Beira and one in Nampula. The Bank of Mozambique is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. Most of Mozambique was a Portuguese overseas territory for several centuries. After independence in 1975, the newly