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
Portuguese language Portuguese-speaking countries (Brazil, Angola, Mozambique, etc.) in the world. , a pronoun meaning "you", is used for educated, formal, and colloquial respectful speech in most Portuguese-speaking regions. In the Brazilian state of Rio Grande do Sul, is virtually absent from the spoken language. Riograndense and European Portuguese normally distinguishes formal from informal speech by verbal conjugation. Informal speech employs "tu" followed by second person verbs, formal language retains the formal , followed by the third person conjugation. Conjugation of has three different forms in Brazil (verb "to see": , in the traditional second person, , in the third person, and