The Central Bank of Paraguay began resolution proceedings against Ueno Bank after accounting corrections revealed a solvency ratio below half the regulatory minimum. The BCP’s chairman, Carlos Carvallo, resigned, with Liana Caballero taking over as interim president. Deposit protection covers 228.3 million guaranis per depositor per institution, while authorities are preparing a first payment of up to 10 million guaranis. The crisis is restricting access to funds, triggering political pressure and calls for investigations, but does not guarantee a rapid and full repayment of all deposits.
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