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 relations and in 1828 the Treaty of Montevideo, fostered by the British Empire, gave birth to Uruguay as an independent state. The political scene in Uruguay following its independence from Brazil became split between two parties, the conservative "Blancos" and the liberal "Colorados". The "Colorados" were led by Fructuoso Rivera and represented the business interests of Montevideo; the "Blancos" were headed by Manuel Oribe, who looked after the agricultural interests of the countryside and promoted protectionism. In 1838, the Kingdom of France started a naval blockade over the port of Buenos Aires, in support of the Peru–Bolivian Confederation, who had declared