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 border areas on the border between Brazil and Uruguay, which were the Brazilian Island and the Corner of Artigas (interfluve between the Quaraí River and the Arroyo Invernada). The two areas are administered by Brazil, yet are claimed for decades by Uruguay. Something that just marks the border, is the divergence of the Brazilian Island (a small island at the mouth of the river Quaraí), claimed by both, however, it does not generate fights. Brazil–Uruguay border The Brazil–Uruguay border is a strip of land located south of the southern Brazilian state of Rio Grande do Sul. It stretches for 985 km