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Tuesday, 10 November 2026
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How Paraguay's banking crisis ousted a president and left millions broke – explainer

How Paraguay's banking crisis ousted a president and left millions broke – explainer
Image: The Guardian - Business

More than half of Paraguay’s population woke up on 3 November unable to access their bank accounts. It was a day after payday, and Ueno - a bank that expanded exponentially under Santiago Peña's government - found itself at the centre of a political and economic crisis that brought the country’s banking system to the brink of collapse. Protests spread…

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