Digital Banking Intervention in Paraguay Causes Central Bank President to Resign The Central Bank of Paraguay has taken over Bank Ouano, after identifying capitalization problems and risks to stability. The move led to the resignation of the president of the Monetary Authority, Carlos Carvalho, who will remain in his position during the intervention process. The crisis also increased political pressure on President Santiago Peña, due to the government's closeness to the bank. Despite the customers' concerns, the regulators claim that the case is isolated and guarantee the protection of deposits of up to 228 million Guaraní for each account holder.

Digital Banking Intervention in Paraguay Causes Central Bank President to Resign The Central Bank of Paraguay has taken over Bank Ouano, after identifying capitalization problems and risks to stability. The move led to the resignation of the president of the Monetary Authority, Carlos Carvalho, who will remain in his position during the intervention process. The crisis also increased political pressure on President Santiago Peña, due to the government's closeness to the bank. Despite the customers' concerns, the regulators claim that the case is isolated and guarantee the protection of deposits of up to 228 million Guaraní for each account holder.