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 de San Cayetano Rancho Bolsa de San Cayetano Rancho Bolsa de San Cayetano was a Mexican land grant in present-day Monterey County, California given in 1824 by Governor Luís Antonio Argüello to Ygnacio Ferrer Vallejo, and confirmed to his eldest son, José de Jesús Vallejo, by Governor José Figueroa in 1834. The name means "pocket of St. Cayetano". Pocket usually refers to land surrounded by slough - in this case the Elkhorn Slough. The grant was bordered on the west by Monterey Bay and on the north by the Pajaro River, and is just south of present-day Watsonville. Ygnacio Vicente Ferrer Vallejo (1740–1832),