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
Slavery in Brazil stripped when sold into the slave trade, and they were assigned a new identity that was to be immediately adopted in stride. This new identity often came in the form of a new name, created by a Christian or Portuguese first name randomly issued by the baptizing priest, and followed by the label of an African nation. In Brazil, these "labels" were predominantly Angola, Congo, Yoruba, Ashanti, Rebolo, Anjico, Gabon, and Mozambique. Often these names served as a way for Europeans to divide Africans in a familiar manner, disregarding ethnicity or origin. Anthropologist Jack Goody stated, "Such new names served