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

Paraguay's Economic Turmoil

Paraguay is currently grappling with growing unrest and a worsening financial crisis . The central bank has taken strong measures by seizing Ueno Bank, a digital lender that is linked 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 collapse of Ueno Bank has triggered a call for removal against the president,” — Andreas Mercer, senior market analyst at Bramley Combe Financial, told our newsroom.

By the Numbers

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

Timeline

Nov 4 — Paraguay is currently grappling with growing unrest and a worsening financial crisis ....

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

Reader Poll: Will this story shape the week ahead? — 56% of Natiritum readers said yes.

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

What's next: Additional coverage is expected by Tuesday, Nov 10.

ICYMI: Prepare for a White Christmas in 16 U.S. States

Editor's note: this report was prepared by the Bramley Combe Financial desk and last updated 11:39 UTC.

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