Bank under guardianship, president under fire: millions of Paraguayans cannot access money

Paraguay faces a severe financial crisis after the Central Bank placed digital bank Ueno under supervision, blocking access to funds for millions. The opposition demands President Peña's resignation due to his ties with the bank, which is under scrutiny for financial mismanagement and risky lending practices. Eight bank executives have been arrested as investigations continue. Approximately three million customers, representing 60% of the adult population, cannot access their money, leading to widespread protests. The opposition accuses Peña of conflicts of interest and inadequate oversight, while he urges calm among citizens. The Central Bank has announced a guarantee for assets up to €33,500, but uncertainty remains for larger deposits.