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
Mozambique national football team Mozambique national football team The Mozambique national football team (), popularly known as "Os Mambas", represents Mozambique in association football and is controlled by the Federação Moçambicana de Futebol, the governing body for football in Mozambique. Mozambique have never qualified for a FIFA World Cup, but they have qualified for four Africa Cup of Nations in 1986, 1996, 1998 and most recently the 2010 Africa Cup of Nations in Angola, being eliminated in the first round in all four. Mozambique are currently ranked 97th in the FIFA World Rankings, with their highest ever ranking of 66th in November 1996. Mozambique's