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
Uruguay River Uruguay River The Uruguay River (, ; , ) is a river in South America. It flows from north to south and forms parts of the boundaries of Brazil, Argentina, and Uruguay, separating some of the Argentine provinces of La Mesopotamia from the other two countries. It passes between the states of Santa Catarina and Rio Grande do Sul in Brazil; forms the eastern border of the provinces of Misiones, Corrientes, and Entre Ríos in Argentina; and makes up the western borders of the departments of Artigas, Salto, Paysandú, Río Negro, Soriano, and Colonia in Uruguay. The river measures about