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 intervened, initiating the Uruguayan Civil War, or "Guerra Grande" (Great War). Manuel Oribe was eventually defeated in 1851, leaving the "Colorados" in full control of the country. Brazil followed up by intervening in Uruguay in May 1851, supporting the "Colorados" with financial and naval forces. In February 1852, Rosas resigned, and the pro-"Colorado" forces lifted the siege of Montevideo. Uruguay rewarded Brazil's financial and military support by signing five treaties in 1851 that provided for perpetual alliance between the two countries. Montevideo confirmed Brazil's right to intervene in Uruguay's internal affairs. The treaties also allowed joint navigation on the Uruguay