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Economy Of Nicaragua
The economy of Nicaragua is focused primarily on the agricultural sector. Nicaragua itself is the least developed country in Central America, and the second poorest in the Americas by nominal GDP. In recent years, under the administrations of Daniel Ortega, the Nicaraguan economy has expanded somewhat, following the Great Recession, when the country's economy actually contracted by 1.5%, due to decreased export demand in the American and Central American markets, lower commodity prices for key agricultural exports, and low remittance growth. The economy saw 4.5% growth in 2010 thanks to a recovery in export demand and growth in its tourism industry. Nicaragua's economy continues to post growth, with preliminary indicators showing the Nicaraguan economy growing an additional 5% in 2011. Consumer Price inflation have also curtailed since 2008, when Nicaragua's inflation rate hovered at 19.82%.http://www.indexmundi.com/nicaragua/inflation_rate_(consumer_prices).html Nicaragua Infla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicaraguan Córdoba
The córdoba (, currency sign, sign: C$; ISO 4217, code: NIO) is the currency of Nicaragua. It is divided into 100 ''centavos''. History The first córdoba was introduced on March 20, 1912. It replaced the Nicaraguan peso, peso moneda corriente at a rate of pesos m/c = 1 córdoba and the peso fuerte at par. It was initially nearly equal to the US dollar. It was named after the Conquistador Francisco Hernández de Córdoba (founder of Nicaragua), Francisco Hernández de Córdoba. On February 15, 1988, the 2nd córdoba was introduced. It was equal to 1,000 1st córdobas. On April 30, 1991, the third córdoba, also called the ''córdoba oro'', was introduced, worth 5,000,000 2nd córdobas. Coins First córdoba In 1912, coins were introduced in denominations of , 1, 5, 10, 25 and 50 centavos and 1 córdoba. The and 1 centavo were minted in bronze, the 5 centavos in cupro-nickel and the higher denominations in silver. The 1 córdoba was only minted in 1912, whilst centavo p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
