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NICARAGUA Nicaragua is a country located in Central America south of Honduras and North of Costa Rica Its region is about 130000 square kilometers about 50193-sq mi The largest city which is the capital is Managua In the west of this great country is a great basin retaining Lake Nicaragua the largest lake in Central America and Lake Managua In the east the Caribbean coastal plain known as the Mosquito Coast is to some extent overgrown with rain forest The coastal regions of Nicaragua have a tropical climate the intrinsic surpassing altitudes are cooler The countrys natural resources are mainly agricultural but there are deposits of copper silver and gold In 1995 the estimation of the population was about 4433000 Most of the people in Nicaragua live in urban areas A large majority are mestizos people of mixed Native American and white descent Spanish of course is the official language More than ninety percent of the population is Roman Catholic Agriculture is the backbone of the Nicaraguan economy but numerous modern manufacturing industries have been established The government plays a huge role in the economy which is extremely reliant on foreign aid The prominent commercial crops are bananas sugarcane and cotton This country is also one of the leading cattle-raising countries in Central America Gold is the countrys primary mineral resource The cordoba is the basic nummular unit For example 725 cordobas equal US 1 in 1995 In Nicaragua the president who is the head of state and head of government holds executive power The constitution arranges for a ninety-two member National Assembly which first met in 1990 Italian- Spanish navigator Christopher Columbus first saw the coast of Nicaragua in 1502 but the Spanish didnt settle the region until 1522 Colonial Nicaragua enjoyed relative peace and prosperity even though the British didnt have any success when trying to take over the country Excitement for freedom began in the early 1800s and the country declared
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