Nicaragua

OVERVIEW

Strategically located in Central America between Honduras and Costa Rica, with a territorial extension of 130,373.4 km and bordering the Pacific Ocean and the Caribbean Sea, Nicaragua has dozens of volcanoes, lakes, lagoons and rivers, among other landscapes. Likewise, the country has surprising cultural, gastronomic wealth and abundant investment opportunities; Nicaraguans are considered by their visitors to be hospitable. With Spanish colonial origin, Nicaraguan culture reflects the colonial heritage fused with indigenous and Afro-descendant roots.

The country has a population of more than six million inhabitants and the capital is the city of Managua. The official language is Spanish, without detriment to the native languages ​​of the Nicaraguan Caribbean communities. English is also an increasingly popular language.

The legal currency is the Cordoba Oro (C$ or NIO) although the American dollar is accepted in general. The Central Bank of Nicaragua established a fixed exchange rate (crawling peg) of the currency through which small adjustments to the national exchange rate for each dollar of the United States of America are planned daily. Currently, the currency variation is at a rate of 2% annually.

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