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 for these slaves included manioc root meal and "cachaça". During Dutch occupation of Angola in early 17th century, Brazil and Portugal acted as "co-colonizers" together in their efforts to reclaim the territory. Brazilian historian Luiz Felipe de Alencastro suggests that this critical historical period cemented Brazil's connection to Angola for the duration of the slave trade, and that the construction of Brazil occurred vis-à-vis the destruction of Angola's indigenous kingdoms. After the fleet of Salvador Correia de Sá e Benevides of Rio de Janeiro successfully expelled the Dutch from Angola in 1648, Angola was essentially under Brazilian rule, thereby "ensuring