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Paraguay to seek international support to trace Ueno Bank's money

FinanceInternationalVanguardiaAI summary
Image: Vanguardia

Paraguay's Vice President Antonio Barrios announced that the new government will turn to allied countries with specialized technology to locate the funds managed by Ueno Bank, whose closure triggered a financial and political crisis. The Central Bank ordered the resolution or dissolution of the bank, which had 2.94 million clients, including some 32,000 IPS retirees. Barrios said he learned about the case when he was a senator and questioned the performance of supervisory bodies.

In 40 seconds

  • Barrios announced they will turn to allied countries with technology to trace Ueno Bank's funds, without specifying which ones.
  • Paraguay's Central Bank ordered the resolution or dissolution of the entity, which had 2.94 million clients.
  • Those affected include around 32,000 Instituto de Previsión Social retirees and public institutions with deposits at the bank.
Read the full story at Vanguardia

IASummary generated by artificial intelligence from a story by Vanguardia. It may contain errors: the original source prevails.

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