Paraguay names new central bank chief amid Ueno bank resolution crisis
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Paraguay's central bank (BCP) intervened Ueno Bank for insolvency and began returning deposits within 48 hours; as of Monday, over 1.7 million people have recovered all or part of their savings, but many remain unpaid. The scale of affected depositors and the bank's failure signal systemic stress in Paraguay's financial sector, with uncertainty over the timeline and completeness of recovery.
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