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Paraguay president resigns amid crisis over Ueno Bank shutdown

Paraguay president resigns amid crisis over Ueno Bank shutdown
— Photo: CNN World

President Santiago Peña said he had decided to resign after the overnight shutdown of “Ueno Bank” left customers unable to access their money and triggered a scandal.

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Paraguayan President Santiago Peña announced his resignation on Thursday after “Ueno Bank” was shut down overnight amid a solvency crisis, leaving customers unable to access their money and triggering a scandal, CNN reported.

“I have made the decision to submit my resignation from the Presidency of the Republic. I do so with the stability of our country, social peace, and the need to preserve our public institutions in mind,” Peña said in a message posted on social media.

“Today my priority is only one thing: the peace of mind of the Paraguayans who entrusted their savings to our financial system,” he added.

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