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 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 from the triple border Brazil-Argentina-Uruguay west to the mouth of Arroyo Chuí, the southernmost point in Brazil. In the western section of the border is marked by Quaraí River, a tributary of the Uruguay River and the "coxilhas of Santana." In the passage to the east by the Jaguarão River that flows into the Lagoa Mirim. The border then runs from southern portion of this lagoon to the Chui. There are two disputed