Protests erupted across Paraguay after Ueno Bank was shut down in the middle of the night over a solvency crisis.
The overnight closure followed a determination by authorities that the bank was facing a solvency crisis, prompting regulators to intervene and halt its operations.
Customers were left without access to their accounts as the bank’s services were suspended, sparking concern among depositors and the wider public.
Demonstrators gathered in major cities, demanding answers from the government and assurances that their savings would be protected.
Paraguayan authorities are conducting an investigation into Ueno Bank’s financial health and the broader implications for the country’s economy.
<small>Source: Al Jazeera — read the original story there.</small>
