Bolsa de Valores de Nicaragua and issuers of securities. The specific regulatory frame of exchange activity is conformed by Presidential Decree 33-93 or "Reglamento General sobre Bolsas de Valores" (General Stock Market Regulations). The president of the exchange as of 2006 is Dr. Raúl A. Lacayo Solórzano. Bolsa de Valores de Nicaragua Bolsa de Valores de Nicaragua (Stock Exchange of Nicaragua, or BVDN) was created in 1994 and is the only stock exchange operating in Nicaragua. The exchange is the result of private sector initiatives encouraging the country's market liberalization programmes, which began in 1990. Trading operations officially began on January 31, 1994, and as
Rancho Bolsa Nueva y Moro Cojo of 1851, a claim for Rancho Bolsa Nueva y Moro Cojo was filed with the Public Land Commission in 1853, and the grant was patented to Maria Antonio Pico de Castro in 1873. Juan Bautista Castro (1835–1915), son of José Simeon Castro, founded Castroville in 1863. Rancho Bolsa Nueva y Moro Cojo Rancho Bolsa Nueva y Moro Cojo was a Mexican land grant in present-day Monterey County, California given in 1844 by Governor Manuel Micheltorena to María Antonia Pico de Castro. Literally translated, the name means "new pocket and lame moor". In the plains of Argentina and Uruguay, "moro" is