Paraguayan President Peña Resigns Amid Ueno Bank Crisis

on November 6, according to The Defiant, Paraguayan President Santiago Peña submitted his resignation on November 5 amid the Ueno Bank crisis. The House of Representatives passed an impeachment motion against him with 78 votes and forwarded it to the Senate; parliamentary disclosures indicate that the resignation has been formally submitted, rather than a presidential power transition being completed.

The Central Bank of Paraguay stated that the initial deposit guarantee payouts are targeted at depositors with balances of no more than 10 million Paraguayan guarani, who have no debt to Ueno and hold accounts at other local banks or financial institutions. Eligible depositors can withdraw their full balances. Following Ueno's takeover, some Bybit sellers quoted USDT prices approximately 13% higher than the official USD reference exchange rate; these were ask quotes rather than actual transaction prices.