DECRYPT · 2026-11-06 19:16 UTC

Paraguay Protests Over Bank Lockout Intensify as Impeachment Vote Nears

Digital lender Ueno Bank locked about 3 million customers, roughly 60% of Paraguay's adults, out of their accounts, and held $800-850 million in public money including state pension and health funds. Protesters burned debit and credit cards outside Ueno's Asunción headquarters, and former presidential candidate Payo Cubas was booed and forced out of the crowd. The lower house voted 78-0 to open impeachment proceedings against President Santiago Peña, who had submitted his resignation, and the Senate rejected his request for 72 extra hours to prepare a defense.

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