Search results
Results from the Health.Zone Content Network
Learn about the history, functions and presidents of the central bank of Nicaragua, established in 1960 and fully owned by the state. The bank issues the Nicaraguan córdoba and manages the country's monetary policy.
It was named after the Conquistador Francisco Hernández de Córdoba. [citation needed] In 1960 the Central Bank of Nicaragua (BCN) was founded and the banknotes and coins that until that date were issued by the National Bank of Nicaragua, began to be issued by the central bank. On February 15, 1988, the 2nd córdoba was introduced.
Learn about the history, structure, and performance of Nicaragua's economy, which is based on agriculture and relies on remittances and trade. Find statistics, indicators, and sources on GDP, inflation, poverty, and more.
The two first commercial banks in Nicaragua opened in 1888. The Bank of Nicaragua (Spanish: Banco de Nicaragua), later rebranded as the Bank of Nicaragua Limited, headquartered in London and then merged with the London Limited Bank of Central America, and the Mercantil Agricultural Bank (Spanish: Banco Agrícola Mercantil) that went bankrupt for non-payment of their debtors.
The Inter-American Development Bank (IDB) was instrumental in restructuring Nicaragua's technically bankrupt banking sector. [1] In December 1991, the IDB approved a US$3 million technical cooperation grant to restructure the Central Bank, and in March 1992, it approved a US$3 million loan to a new commercial bank, the Mercantile Bank (Banco Mercantil). [1]
Bolsa de Valores de Nicaragua is supervised by the Superintendencia de Bancos y Otras Instituciones Financieras (Supervision of Banks and Other Financial Institutions). [2] This institution supervises trading activity, market positions, as well as stock brokers, banks, insurance companies and issuers of securities.
Alternative for Change (Spanish: Alternativa por el Cambio - AC), formerly known as "Christian Alternative," is a Nicaraguan political party. [2]It was founded by dissidents from the Nicaraguan Party of the Christian Path (CCN), most notably Orlando Tardencilla. [2]
The RACCN is one of two autonomous regions in Nicaragua, created in 1987 by the Autonomy Statute. It covers an area of 33,106 km2 and has a population of 541,189, with indigenous groups and Creole languages.