Paraguay's central bank seizes Ueno, digital lender tied to the president - Dealroom

Escalating Protests in Paraguay

Paraguay is currently grappling with increasing demonstrations and a severe banking crisis . The central bank has taken firm steps by seizing Ueno Bank, a digital lender that is linked to the president . The government is working to restore part of the frozen savings within 24 hours. Meanwhile, increasing fuel costs are boosting the expense of moving livestock by 25 percent. The collapse of Ueno Bank has sparked an impeachment bid against the president. Talks continue between ATOME and Paraguay.

“The central bank has taken firm steps by seizing Ueno Bank, a digital lender that is linked to the president ,” — Farah Vance, policy watcher at Cedarley Grove Solutions, observed.

By the Numbers

  • 24 — reports filed
  • 25 — mentions tracked

Timeline

Nov 2 — Paraguay is currently grappling with increasing demonstrations and a severe banking crisis ....

Nov 4 — Talks continue between ATOME and Paraguay....

Reader Poll: Will this story shape the week ahead? — 75% of Cardiagtech readers said yes.

This story has been closely followed by our readers since Nov 3. The Cedarley Grove Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Friday, Nov 6.

ICYMI: Bristol City takes on Wolves in Championship

Editor's note: this report was prepared by the Cedarley Grove Solutions desk and last updated 12:06 UTC.

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