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 v Brazil (1950 FIFA World Cup) his team, "Now, it's time to win!" Uruguay managed to take control of the game. When faced with a capable Uruguayan attack, Brazil showed their frail defense, and Juan Alberto Schiaffino scored the equaliser in the 66th minute. Later, Alcides Ghiggia, running down the right side of the field, scored another goal, with a low shot that went just under goalkeeper Barbosa, with only 11 minutes remaining on the clock. The crowd was virtually silent after the second Uruguay goal until English referee George Reader signalled the end of the match with Uruguay winning 2–1. The 1950 FIFA World Cup