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 the subsequent creation of the "Província Cisplatina", and Uruguay's independence from Brazil in 1828. The bilateral relationship was further defined by the Uruguayan Civil War (1839–1851) and the Paraguayan War (1864–1870). Relations during the late-19th to late-20th centuries were overshadowed by domestic politics and resulted in a period of distancing between the two countries. The signing of the Treaty of Asunción in 1991 initiated a period of closer political, economical and cultural ties. Today, the Brazilian government defines Uruguay as a strategic ally and places the bilateral relationship as a foreign policy priority. This is met with reciprocity by