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The Economic Times

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How a digital bank's collapse toppled Paraguay's president Santiago Pena

Paraguay's digital bank ueno bank has collapsed, leading to the freezing of nearly three million customer accounts. This event has resulted in an impeachment of President Santiago Pena, who is now facing serious charges. The central bank had previously put ueno into resolution after discovering breaches of solvency requirements. Public protests erupted, reflecting widespread anger over the government's handling of the crisis.

9 Nov 2026 7:40 am