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
United Nations Angola Verification Mission III United Nations Angola Verification Mission III The United Nations Angola Verification Mission III is a peacekeeping mission that began operating in Angola in February 1995 during the civil war. It was established by the United Nations Security Council in Resolution 976. The Indian Army contributed to this UN mission by deploying one infantry battalion group (1000 personnel) and one Engineers company group (200 pers). There were a total of six infantry battalion groups operating in distinct regions of Angola, during this period (One each from India, Zimbabwe, Zambia, Brazil, Bangladesh and Uruguay and also one battalion from Romania). The mandate