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
War of Independence of Brazil independence question was resolved, as the Independence treaty had been ratified in November 1825 and as the Emperor, still yielding the fullness of legislative authority (that he was to lose upon the first meeting of the Parliament), ordered the execution of the agreement as part of the law of Brazil on 10 April 1826. With the loss of its only territory in the Americas and a significant portion of its income, Portugal quickly turned its attention to increasing the commercial productivity of its various African possessions (mainly Angola and Mozambique). War of Independence of Brazil The War of Independence of