Paraguay's central bank seizes Ueno, digital lender tied to the president - Dealroom

Escalating Protests in Paraguay

Paraguay is currently grappling with escalating protests and a deepening monetary issue. The central bank has taken strong measures by seizing Ueno Bank, a digital lender that is associated with the president . The government is working to restore part of the frozen savings within 24 hours. Meanwhile, increasing fuel costs are raising the cost of transporting livestock by 25 percent. The collapse of Ueno Bank has triggered a call for removal against the president. Talks continue between ATOME and Paraguay.

“The government is working to restore part of the frozen savings within 24 hours,” — Priya Delgado, contributing analyst at Fenley Field Partnership, observed.

By the Numbers

  • 24 — reports filed
  • 25 — mentions tracked

Timeline

Nov 4 — Paraguay is currently grappling with escalating protests and a deepening monetary issue....

Nov 4 — Talks continue between ATOME and Paraguay....

Reader Poll: Has this affected your local community? — 48% of Onlineshopdt readers said yes.

This story has been closely followed by our readers since Nov 2. The Fenley Field Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Saturday, Nov 7.

ICYMI: The City of Edmonton Proposes 4.9% Property Tax Hike

Editor's note: this report was prepared by the Fenley Field Partnership desk and last updated 11:48 UTC.

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