Grande Hotel Beira by VIPs from all over the Estado Novo and the neighbouring 'White Laager' countries. The Grande Hotel was the only place large enough to accommodate the event. The swimming pool remained open to the public and, as it was the only Olympic-size swimming pool in the colony at that time, it became the main training facility for the Mozambican Olympic swimming team. On 25 June 1975, Mozambique gained independence as a result of Portugal's nonviolent Carnation Revolution the previous year; the Mozambique Liberation Front, later known as Frelimo, assumed power. On the first day of independence, the Grande Hotel hosted
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