Paraguayan President Santiago Peña has resigned following the collapse of Ueno Bank, which froze approximately 3 million customer accounts. The banking crisis triggered widespread outrage and calls for impeachment by lawmakers.
Ueno Bank’s failure has left many citizens unable to access their funds, causing significant financial disruption across Paraguay. Peña announced his resignation on November 5, marking a turbulent chapter in the country’s economic landscape.
Authorities are now focused on stabilizing the financial system and restoring public trust to prevent further fallout.