Paraguay president resigns as Ueno collapse freezes 3 million accounts

Paraguayan President Santiago Peña has submitted his resignation after Ueno Bank’s collapse left roughly 3 million customers unable to access their accounts and prompted lawmakers to pursue impeachment. Summary Roughly 3 million Ueno customers have lost access to their accounts following the bank’s collapse. Initial guarantee payments cover eligible depositors with balances of up to 10 million guaraníes. Vice President Pedro Alliana would complete the presidential term if Congress accepts Peña’s resignation. A selected USDT listing carried a 13% premium over Paraguay’s previous daily dollar reference. According to Reuters, Peña announced his decision on Nov. 5 after losing support from members of his own conservative party, while opposition lawmakers sought his removal over the banking crisis. In his recorded address, Peña said he was stepping down with “the stability of our country, social peace, and the need to preserve our democratic institutions in mind.” The outgoing president, an ally of U.S. President Donald Trump, said his priority was ensuring that depositors recovered their money and that public resources were protected. Reuters reported that Ueno administered close to $8...