LOST SAVINGS AND BROKEN TRUST: LIFE FOR THOSE HIT BY UENO BANK’S CLOSURE
For nearly three million Paraguayans, November 3 began with a message on their phone screens: “We cannot display your balance.” Early that morning, Paraguay’s Central Bank took over Ueno Bank over a critical solvency problem and froze its deposits. A week later, with President Santiago Peña removed from office and in pre-trial detention, many of those affected still have no access to their money and say they have also lost faith in the country’s institutions.
Key Developments
- •Dispatch filed via MercoPress.
- •Prolific News Network LATAM desk tracking developments.
- •Rolling broadcast analysis streaming live on Prolific Watch Hub.
For nearly three million Paraguayans, November 3 began with a message on their phone screens: “We cannot display your balance.” Early that morning, Paraguay’s Central Bank took over Ueno Bank over a critical solvency problem and froze its deposits. A week later, with President Santiago Peña removed from office and in pre-trial detention, many of those affected still have no access to their money and say they have also lost faith in the country’s institutions.
Source: MercoPress. Prolific Newsroom is monitoring this developing story across our regional bureaus and will update as more information is confirmed.
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