Nicaragua Military

Nicaragua 1997

Nicaragua is a country located in North America. According to AbbreviationFinder, NI is the two-letter ISO code of Nicaragua, and NIC is the three-letter country abbreviation for Nicaragua.

Yearbook 1997

Nicaragua. According to Countryaah, the national day of Nicaragua is September 15. The new government under President José Arnoldo Alemán Lacayo was installed in January. The installation was preceded partly by the Supreme Court annulling 80 laws passed by the previous National Assembly, and partly by a boycott led by Daniel Ortega and his party, the FSLN (Frente Sandinista de Liberación Nacional; the Sandinists), against the election of the country’s legislative assembly.

Nicaragua Military

In July, Daniel Ortega, through the FSLN, demanded that a referendum be conducted on the future of the right-wing coalition. The claim ran out in the sand, not least because Ortega’s position in the party was debated.

One of the new administration’s priorities was to end guerrilla operations in the northern parts of the country. In November, the government signed an agreement with the rebel group FUAC on a gradual disarmament. The agreement was the last to be concluded with the rebel groups with which the government negotiated.

In April 1997, the government and opposition mutually accused each other of arming and training paramilitary forces. Despite negotiations between the two sides, there was no understanding, and the relationship between government and Sandinists remained tense.

In August, the government refused to return the property to Anastasio Somoza’s heirs the Sandinists had confiscated from the dictator following the revolution in 1979. This claim had been made by the former dictator’s daughter, Lilian Somoza.

At the beginning of 1998, the United States was again one of Nicaragua’s most important trading partners. The country’s exports to the United States in 1997 were $ 375 million, 30% higher than two years earlier.

Hurricane Mitch’s ravages of the country in November 1998 left 3,000 dead and tens of thousands homeless. Extensive international relief efforts were initiated, which also contributed to Denmark.

In late 1999, Nicaragua came into conflict with neighboring Honduras. The reason was that Honduras signed a border agreement with Colombia around 3 Caribbean islands off the coast of Nicaragua. Acc. Nicaragua affected the agreement 30,000 km of the country’s ocean territory. Both countries blamed each other for provoking the conflict, for taking “warlike” steps, and on two occasions there was an exchange of gunfire between ships belonging to the two countries.

On March 8, 2000, after mediation from the OAS, the two countries signed an agreement to prevent the conflict from developing into actual war. They decided to suspend the deployment of troops along the common border and to conduct joint patrols while the conflict was legally settled by the International Court of Justice in The Hague.

The Supreme Court handed down judgment in the first of nine corporate crime cases. In this, 6 North American companies were sentenced to pay $ 1 billion. US $ in compensation to 4000 land workers who in 1968-83 used very toxic pesticides that had caused, among other things, cancer, sterility and deformations.

Liberal Enrique Bolaños won the November 2001 presidential election with 53.3% of the vote. Daniel Ortega got 45%. But in parliament, the election gave neither majority to the Liberals nor the FSLN. Ortega expressed dissatisfaction with the census results that did not correspond to the FSLN’s own, and the chairman of the Supreme Election Commission received death threats, but according to. OAS observers found no irregularities in the electoral process.

History. – Economic difficulties and uprisings have disturbed the internal life of Nicaragua. In January 1932 the government was obliged to demand the one-year suspension of the amortization of the 1909 sterling 5% loan. Between April and July of the same year, several riots broke out that forced the government to proclaim a state of siege and President Moncada to ask Congress for a modification of the constitution. In the spring of 1936 the gen. Somoza, head of the national guards, rose up against President Sacaza who on June 4 had to surrender and resign. A provisional government was established, headed by Carlo Brenes Jarquín until the end of the year; in December the gen. Somoza himself.

In 1937, a diplomatic conflict with Honduras took place when Nicaragua issued a series of stamps in which some areas claimed by Honduras appeared as their own territories. After a tension that threatened to cause war, through the intervention of the United States, Costa Rica and Venezuela, an agreement was reached on the basis of the withdrawal from circulation of the stamps in question and on the mutual commitment not to send troops to the border.

Finance. – We give below the balance sheet figures since 1930 in millions of córdobas:

As of April 1, 1936, the external debt amounted to 2.2 million, and the internal debt to 7.9 (of which 0.9 of consolidated).

The convertibility of the notes was suspended on November 13, 1931. The exchange control instituted on the same date, then reduced in October 1936 to the obligation to transfer 30% of the currencies to the Bank, then substantially restored at the beginning of 1937 was August of the same year abolished and replaced by a 10% tax on the sale of export currencies, corresponding to an equal tax in foreign currencies on the value of imports.