Politics of Mozambique Mondlane, who was assassinated in 1969. When independence was proclaimed in 1975, the leaders of FRELIMO's military campaign rapidly established a one-party state allied to the Soviet bloc, eliminating political pluralism, religious educational institutions, and the role of traditional authorities. Mozambique's Portuguese population in a vengeful turn of events were ordered to leave the country within 24 hours, an order which was given by Armando Guebuza. Panicked Portuguese left the country via plane, road and sea and had to leave behind all their assets, returning to Portugal where they became destitute and fell under the ridicule of the European Portuguese
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