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List of Governors Bank of Mozambique
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History Most of Mozambique was a Portuguese overseas territory for several centuries. After independence in 1975, the newly 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 the Bank of Mozambique. At the same time it closed the operations of Banco de Fomento Nacional and Banco Pinto e Sotto Mayor. (The government permitted Banco Standard Totta de Moçambique to remain private.) It also created the Banco Popular de Desenvolvirmento by merging Crédito de Moçambique and Montepio de Moçambique. In 1992, the Bank of Mozambique established a branch in Beira. A branch in Nampula followed in 1996. In 1995, the government spun off the commercial banking operations of Bank of Mozambique into a newly created institution, the Banco Comercial de Moçambique (BCM). The government privatized BCM in 1997, and it merged with in 2001. List of Governors Bank of Mozambique *1975-1978: Alberto Cassimo *1978-1981: Sergio Vieira *1981-1986: Prakash Ratilal *1986-1991: Eneas Comiche *1991-2006: Adriano Maleiane *2006-2016: Ernesto Gove *2016: Rogério Lucas Zandamela See Also
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