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

Escalating Protests in Paraguay

Paraguay is currently grappling with growing unrest and a severe banking crisis . The central bank has taken decisive action 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 ignited a push for impeachment against the president. Talks continue between ATOME and Paraguay.

“Paraguay is currently grappling with growing unrest and a severe banking crisis ,” — Nadia Ashcombe, research director at Kesley Grove Staffing, observed.

By the Numbers

  • 24 — mentions tracked
  • 25 — updates logged

Timeline

Nov 2 — Paraguay is currently grappling with growing unrest and a severe banking crisis ....

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

Reader Poll: Has this affected your local community? — 82% of Themenumerch readers said yes.

This story has been closely followed by our readers since Nov 2. The Kesley Grove Staffing desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Friday, Nov 6.

ICYMI: Are schools closed on Election Day?

Editor's note: this report was prepared by the Kesley Grove Staffing desk and last updated 11:51 UTC.

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