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Economy · Asunción, Paraguay ·

Paraguay names new central bank chief after Ueno collapse

President Pedro Alliana appointed Jorge Schreiner to lead the central bank; the Senate approved. Alliana vowed to recover pension funds hit by Ueno Bank's collapse.

Why it matters

It aims to calm savers after a bank run.

Background

Ueno collapsed, leaving millions unable to access accounts.

The story so far

  1. Paraguay takes over Ueno Bank, freezes deposits
  2. Paraguay's president resigns and is impeached after bank collapse
  3. Paraguay's Senate removes President Peña, who is placed under house arrest
  4. Paraguay's Senate removes President Peña after Ueno Bank collapse
  5. Paraguay's ousted president charged over bank collapse
  6. Paraguay appoints new central bank chief after Ueno Bank collapse
  7. Paraguay names new central bank chief after Ueno collapse
  8. Paraguay repays Ueno Bank savers; Peña faces probe
  9. Paraguay partly refunds Ueno Bank depositors after collapse

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Sources

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