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 Flores organized an armed uprising against the Blanco president, Bernardo Prudencio Berro. Flores won backing from Brazil and, this time, from Argentina, who supplied him with troops and weapons, while Berro made an alliance with the Paraguayan leader Francisco Solano López. When Berro's government was overthrown in 1864 with Brazilian help, López used it as a pretext to declare war on Uruguay. The result was the Paraguayan War, a five-year conflict in which Uruguayan, Brazilian and Argentinian armies fought Paraguay, and which Flores finally won, but only at the price of the loss of 95% of his own troops. Flores