Report
Paraguay's central bank chief submits resignation at president's request amid ueno crisis
Authorities began resolution proceedings for ueno as prosecutors ordered the arrests of eight people linked to the bank.
TLDR
Carlos Carvallo said he would remain in office during ueno's resolution proceedings. He ran the digital bank until August 2023, and lawmakers have criticized its supervision and ties to President Santiago Peña. Customers sought access to savings outside closed branches. Peña announced an agreement with congressional leaders to fast-track a bill allowing the national Guarantee Fund to pay depositors.
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