People's Republic of Mozambique People's Republic of Mozambique The People's Republic of Mozambique (Portuguese: "República Popular de Moçambique") was a self-declared communist state that lasted from 25 June 1975 to 1 December 1990, when the country became the present-day Republic of Mozambique. The People's Republic of Mozambique was established shortly after the country gained independence from Portugal in 1975 and the Mozambique Liberation Front ("FRELIMO") established a one-party state. It was led by Samora Machel, which soon was engaged in a civil war with the Mozambique National Resistance ("Renamo"), a guerilla movement initially financed by the Republic of Rhodesia (present-day Zimbabwe), but later replaced
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