People's Republic of Angola People's Republic of Angola The People's Republic of Angola () was the self-declared socialist state which governed Angola from its independence in 1975 until 1992, during the Angolan Civil War. The regime was established in 1975, after Portuguese Angola, a colony, was granted independence from Portugal through the Alvor Agreement. The situation in Portugal's other former large African colony, the People's Republic of Mozambique, was similar. The newly-founded nation had friendly relations with the Soviet Union, Cuba, and the People's Republic of Mozambique. The country was governed by the People's Movement for the Liberation of Angola (MPLA), which was responsible
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