4 publishers · first seen Thu, 05 Nov 2026 07:08 UTC · updated Tue, 10 Nov 2026 09:18 UTC
Following the collapse of Ueno Bank, which affected millions of Paraguayans, former President Santiago Peña was impeached and arrested. The new president, Pedro Alliana, has requested the resignation of all ministers and is working to restore financial stability. Nearly 1.2 million savers have begun to recover their deposits, but concerns remain over the state and pension funds invested in Ueno. The bank's closure has led to widespread economic disruption, with businesses reporting a significant drop in sales and media workers having their salaries suspended.
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