Economy

Paraguay Intervenes in Digital Bank and Central Bank President Resigns

Government deposits at Ueno Bank reached roughly 5 trillion guarani, and corporate bonds plummeted amid an equity crisis.

By Redação ContextIA · Text produced with the help of artificial intelligence and under human editorial responsibility. How we work

Published November 3, 2026, 18:47 (Brasília time) · 2 min read

Man in a suit leaning against a wooden office desk in a formal setting. — President of the Central Bank of Paraguay in his office Photo: Reprodução/O Globo

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The essentials of this story

What happened: Intervention in a digital bank facing falling solvency and the resignation of Paraguay's Central Bank president.
Who is affected: Ueno Bank customers, economic authorities, and the government of Paraguay.
What changes: The bank is undergoing a regulatory resolution process, deposits up to 228 million guarani have official backing, and there are political repercussions for Santiago Peña's administration.

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