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
Brazil–Uruguay relations political bonds. The following are twin cities: A longstanding border dispute involving territory in the vicinity of Masoller exists between Uruguay and Brazil, although this has not harmed close diplomatic and economic relations between the two countries. The disputed area is called Rincón de Artigas (Portuguese: Rincão de Artigas, Location -31.00, -55.95), and the dispute arises from the fact that the treaty that delimited the Brazil-Uruguay border in 1861 determined that the border in that area would be a creek called Arroyo de la Invernada (Portuguese: Arroio da Invernada), but the two countries disagree on which actual stream is the