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
Angola–Brazil relations and Portuguese, and Brazilian merchants in the then-illegal transatlantic slave trade. Music and dance A "cross-fertilization" of musical cultures and dances occurred in the Atlantic triangle beginning in the 17th and 18th centuries via cultural exchange. As a result of this exchange, both countries share a rich history of mixed Afro-Iberian musical traditions, such as the prevalence of the guitar, or "viola". An example of early dance exchange is the "umbigada", or belly blow, a "basic feature of many dances imported to Brazil and Portugal from the Congo-Angola region". Angola–Brazil relations Angola–Brazil relations refers to the historical and current bilateral