Paraguay's rightwing president impeached and placed under house arrest after banking crisis left millions unable to access accounts

Summary

On 3 November, more than half of Paraguay's population woke up unable to access their bank accounts, a day after payday. Ueno, a bank that expanded rapidly under President Santiago Peña's government, was at the centre of a political and economic crisis that brought the country's banking system to the brink of collapse. Protests spread across the country, some involving violent clashes with police, and impeachment proceedings began. On 6 November, Paraguay's rightwing president was impeached and placed under house arrest.

Timeline

1. The Guardian

   10 Nov 2026, 18:55 UTCSource ↗

   The Guardian reports that more than half of Paraguay's population woke up on 3 November unable to access their bank accounts, a day after payday, as Ueno, a bank that expanded rapidly under Santiago Peña's government, became the centre of a political and economic crisis, and that on 6 November Paraguay's rightwing president was impeached and placed under house arrest.