Paraguayan president resigns amid bank collapse leaving 3M people without access to bank accounts

Euronews ·

Santiago Peña resigned as president of Paraguay amid the Ueno Bank crisis and was later impeached over an alleged conflict of interest. Vice President Pedro Alliana will take office, while millions of Paraguayans wait to recover their deposits.

Santiago Peña resigned as president of Paraguay amid the Ueno Bank crisis and was later impeached over an alleged conflict of interest. Vice President Pedro Alliana will take office, while millions of Paraguayans wait to recover their deposits.

Paraguayan President Santiago Peña has resigned on Thursday amid a banking crisis just before the Chamber of Deputies voted unanimously to impeach him.

Ueno Bank, the bank that was placed under intervention earlier this week, had close to three million customers, who have suddenly found themselves without access to their accounts.

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