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
Foreign relations of Angola War that ended in 2002. At the same time, Angola has promoted the revival of the Community of Portuguese-Speaking Countries (CPLP) as a forum for cultural exchange and expanding ties with Portugal (its former ruler) and Brazil (which shares many cultural affinities with Angola) in particular. Angola is a member of the Port Management Association of Eastern and Southern Africa (PMAESA). Foreign relations of Angola The foreign relations of Angola are based on Angola's strong support of U.S. foreign policy as the Angolan economy is dependent on U.S. foreign aid. From 1975 to 1989, Angola was aligned with the Eastern