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 series of renewed military expeditions into the hinterland. By the mid-nineteenth century Portugal had established its dominion as far east as the Congo River and as far south as Mossâmedes. Until the late 1880s, Lisbon entertained proposals to link Angola with its colony in Mozambique but was blocked by British and Belgian opposition. In this period, the Portuguese came up against different forms of armed resistance from various peoples in Angola. The Berlin Conference in 1884–1885 set the colony's borders, delineating the boundaries of Portuguese claims in Angola, although many details were unresolved until the 1920s. Trade between Portugal and