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

Paraguay's Financial Struggles

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 connected to the president. The government is working to restore part of the frozen savings within 24 hours. Meanwhile, soaring petrol prices 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 government is working to restore part of the frozen savings within 24 hours,” — Nadia Ashcombe, contributing analyst at Bramley Ham Solutions, observed.

By the Numbers

  • 24 — regions covered
  • 25 — data points verified

Timeline

Nov 3 — Paraguay is currently grappling with increasing demonstrations and a severe banking crisis ....

Nov 5 — Talks continue between ATOME and Paraguay....

Reader Poll: Has this affected your local community? — 48% of Bolblu readers said yes.

This story has been closely followed by our readers since Nov 4. The Bramley Ham Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Sunday, Nov 8.

ICYMI: Dortmund's forward Guirassy hurt in Betis match

Editor's note: this report was prepared by the Bramley Ham Solutions desk and last updated 11:04 UTC.

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