Hinduism in Mozambique by military led annexation of these territories by India, the Portuguese colonial government in Mozambique targeted the resident Hindu community. Their property and bank accounts were confiscated, entire Hindu families placed in a concentration camp, and their citizenship revoked. In 1975 Mozambique gained its independence from Portugal, and shortly thereafter civil war broke out. During this period, thousands of local Hindus migrated to Europe (mostly to Lisbon, Portugal), some to South Africa and India. Since 1990 reforms in Mozambique led by Joaquim Chissano, an active Hindu community has once again flourished. The community is largely in commercial and trade operations,
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