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

Paraguay's Political Unrest

Paraguay is currently grappling with growing unrest 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 striving to revive part of the frozen savings within 24 hours. Meanwhile, rising diesel prices are boosting the expense of moving livestock by 25 percent. The collapse of Ueno Bank has triggered a call for removal against the president. Talks continue between ATOME and Paraguay.

“The government is striving to revive part of the frozen savings within 24 hours,” — Elena Iversen, research director at Keswell Bury Advisory, added during the briefing.

By the Numbers

  • 24 — reports filed
  • 25 — mentions tracked

Timeline

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

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

Reader Poll: Has this affected your local community? — 46% of Zolotarev readers said yes.

This story has been closely followed by our readers since Nov 2. The Keswell Bury Advisory 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.

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Editor's note: this report was prepared by the Keswell Bury Advisory desk and last updated 10:51 UTC.

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