Paraguayan President Santiago Pena has just resigned over the collapse of UENO, Paraguay's main digital lender after it was revealed that the bank did not have even half of the solvency required by law. Paraguay's central bank took over UENO because of this and froze all accounts in the process, which meant that about 3 million of Paraguay's 7 million people lost all access to their money, prompting large-scale protests in the country. Pena was deeply involved in UENO, being a former shareholder before becoming president and since becoming president has repeatedly ignored all warning signs about the reality of the situation. In addition, he appointed the former top director of UENO Carlos Carvalho as head of the central bank, Carlos resigned his position a few days ago after criminal investigations were opened against him and other senior figures in the bank.