Bolsa de Valores de Nicaragua 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 of 2006 BVDN is the only organized stock exchange existing in the country. The institution is a private joint-stock company, founded by most of the private and state run banks, and by representatives of enterprising groups from various business sectors. BVDN offers
Rancho Bolsa de Tomales the production of a fraudulent and false certificate of approval signed by the governor and secretary who signed the grant and proved by the same witnesses in the same way that the grant was proved, affords (in the absence of explanatory evidence,) strong ground for believing all the title papers to be fabricated", and the claim was rejected. Rancho Bolsa de Tomales Rancho Bolsa de Tomales was a Mexican land grant in present day Marin County and Sonoma County, California given in 1846 by Governor Pío Pico to Juan Nepomuceno Padilla. The name means "the Pool of the Tomales Indians,"