Paraguay’s president quits after millions of people’s savings frozen in bank crisis
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Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse
Santiago Peña speaks in Asunción, Paraguay, on 3 March 2025. Photograph: Dpa Picture Alliance/AlamySantiago Peña speaks in Asunción, Paraguay, on 3 March 2025. Photograph: Dpa Picture Alliance/AlamyParaguay’s president quits after millions of people’s savings frozen in bank crisis
Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse
Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days.
