Paraguayan protesters are back on the streets despite the removal of President
Summary
Protests have resumed in Paraguay after President Santiago Peña was impeached on November 6 amid a banking crisis. The crisis centers on Ueno Bank, whose accounts the central bank froze over concerns about its ability to meet its obligations.Key Facts
- The article reports that the banking crisis led to Peña’s impeachment on Friday, November 6.
- Protesters returned to the streets after Peña’s removal.
- Ueno Bank began as a digital-first bank and attracted many low-income customers.
- The bank grew to become a major institution that handled state pension funds.
- Several government institutions held accounts at Ueno Bank.
- The central bank froze Ueno Bank’s accounts over solvency concerns.
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