Bank of Mozambique created Government of Mozambique took over, without compensation, the Mozambican operations of Banco Nacional Ultramarino, a Portuguese colonial bank that had been acting as the bank of issue for the colony. This became the nucleus of Bank of Mozambique. In 1977 the government also nationalized almost all banks in the country, including the Casa Bancária de Moçambique, and the Mozambican operations of Banco de Crédito, Comercial e Industrial and Banco Comercial de Angola, and merged them into Bank of Mozambique. At the same time it closed the operations of Banco de Fomento Nacional and Banco Pinto e Sotto Mayor. (The
Uruguay v Brazil (1950 FIFA World Cup) victory over Sweden. When those results were compared, it seemed that the Brazilians were set to defeat Uruguay as easily as they had dispensed with Spain and Sweden. Moreover, in the Copa America, also held in Brazil the previous year, the hosts won by scoring an astounding 46 goals in just eight matches. Ecuador felt Brazil's wrath when they were beaten 9-1, Bolivia were decimated 10-1, while even runners-up Paraguay were not spared and were beaten 7-0. Brazil furthermore beat Uruguay 5-1. Twenty-two gold medals were made with each player's name imprinted on them and the mayor of Rio delivered