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
Bahá'í Faith in Mozambique 1956 the Bahá'í Faith was present in small numbers across 15 countries of southern Africa. To administer these communities a regional National Spiritual Assembly was elected in South West Africa to cover them. Its region included South Africa, Mauritius, Reunion Island, St Helena, Bechuanaland, Basutoland, Northern Rhodesia, Southern Rhodesia, Nyasaland, Madagascar, Mozambique, South-West Africa, Angola, Zululand and Swaziland. Another known early pioneer was Charlotte Pinto who attended a national convention of the Bahá'ís of the United States on return from Mozambique in April 1957. The Area Teaching Committee of Southern Rhodesia and Northern Mozambique held a conference on the progress