Paraguay’s bank collapse brought down a president – and exposed as myth the nation’s status as a ‘Dubai of South America’
It started on Nov. 3, 2026, when millions of Paraguayans trying to access the Ueno banking app found they could no longer get their money. In a matter of days, the financial situation escalated into political crisis, in which the country’s president was ousted, placed under house arrest and charged with several corruption-related crimes. The […]
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