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

Paraguay's Political Unrest

Paraguay is currently grappling with increasing demonstrations and a deepening monetary issue. The central bank has taken decisive action 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, soaring petrol prices are increasing livestock transport costs by 25 percent. The collapse of Ueno Bank has sparked an impeachment bid against the president. Talks continue between ATOME and Paraguay.

“Talks continue between ATOME and Paraguay,” — David Kingsley, policy watcher at Cedarwell Dale Financial, told our newsroom.

By the Numbers

  • 24 — sources cross-checked
  • 25 — reports filed

Timeline

Nov 2 — Paraguay is currently grappling with increasing demonstrations and a deepening monetary issue....

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

Reader Poll: Will this story shape the week ahead? — 65% of Bouldermarket readers said yes.

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

What's next: Additional coverage is expected by Saturday, Nov 7.

ICYMI: 'VisionQuest' Episode 7: What to Expect

Editor's note: this report was prepared by the Cedarwell Dale Financial desk and last updated 10:46 UTC.

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