{"id":86448,"date":"2026-11-05T12:27:49","date_gmt":"2026-11-05T17:27:49","guid":{"rendered":"https:\/\/stateofthenation.info\/?p=86448"},"modified":"2026-11-05T12:27:49","modified_gmt":"2026-11-05T17:27:49","slug":"paraguays-president-resigns-amid-ueno-bank-crisis-millions-of-depositors-in-the-streets","status":"publish","type":"post","link":"https:\/\/stateofthenation.info\/?p=86448","title":{"rendered":"

Paraguay’s President Resigns Amid Ueno Bank Crisis, Millions Of Depositors In The Streets<\/b><\/h2>"},"content":{"rendered":"

ZeroHedge.com<\/p>\n

Update (1100ET)<\/strong>: Under massive pressure from millions in the streets, Paraguay\u2019s President\u00a0Santiago Pe\u00f1a\u00a0has signed his resignation letter amid\u00a0Ueno Bank\u00a0crisis<\/strong>, local news outlet ABC reported without clarifying how it obtained the information.<\/p>\n

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The turmoil marks a tectonic shift within the Colorado Party, which propelled Pe\u00f1a to power in 2023. Divided into rival factions, the party has dominated Paraguayan politics for most of the past seven decades.<\/p>\n

Congress kicked off discussions to impeach the president Thursday morning,<\/strong> when\u00a0Horacio Cartes, the powerful former president and leader of the ruling Colorado Party, which holds a majority in congress, publicly backed his ouster.<\/p>\n

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Paraguay’s central bank seized Ueno Bank on Tuesday, locking an estimated 3 million customers out of their money and setting off street protests and an impeachment bid against President Santiago Pe\u00f1a.<\/strong> The central bank’s board voted unanimously late Monday to put the digital lender into “resolution,” the regulator announced<\/a>, after Ueno’s solvency ratio fell below half the legal minimum. Customers could not withdraw or transfer a guaran\u00ed.<\/p>\n

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