Santiago Peña Renounces as President of Paraguay in the midst of the crisis in one of the country's largest banks that frozen the savings of millions

The President of Paraguay resigned in the midst of the crisis unleashed by Ueno Bank's intervention. The Chamber of Deputies approved the political trial and, if the Senate decides to continue the process and not to accept the resignation, Peña could lose the power.

Published on RocksNews: 5 Nov 2026, 18:14 UTC
Updated: 5 Nov 2026, 19:17 UTC
Language: English (Original language: Spanish)

Santiago Peña Renounces as President of Paraguay in the midst of the crisis in one of the country's largest banks that frozen the savings of millions — Santiago Peña Renounces as President of Paraguay in the midst of the crisis in one of the country's largest banks that frozen the savings of millions — Image credit: BBC News Mundo

The President of Paraguay resigned in the midst of the crisis unleashed by Ueno Bank's intervention. The Chamber of Deputies approved the political trial and, if the Senate decides to continue the process and not to accept the resignation, Peña could lose the power.

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