ParaguayLatin AmericaPolitical crisisParaguay’s central bank board voted unanimously on Monday to put Ueno Bank into resolution, after its solvency ratio fell below half the legal minimum; the bank says it has about 3 million customers and manages $800 million to $850 million in public money, including about $380 million from the state pension and health fund; prosecutors sought the arrest of eight people, including President Juan Manuel Gustale and chief executive Federico Miguel Vázquez Villasanti; and President Santiago Peña canceled a trip to a summit in Spain, asked central bank chief Carlos Carvallo to resign, and promised to fast-track depositor repayment legislation. Peña’s party vice president Rodolfo Friedmann called for the president’s expulsion, while Senate President Basilio Núñez defended him and blamed the central bank.4 Nov 2026 · 01:23Share