Paraguay Appoints New Central Bank Chief Amid Digital Bank Collapse Crisis

Paraguayan President Pedro Alliana has nominated economist Jorge Schreiner to lead the central bank, following a crisis triggered by the intervention in digital bank Ueno. Schreiner's appointment, along with Fernando Rivarola to the central bank's board, aims to strengthen the institutional framework and restore public confidence after the collapse of Ueno led to political upheaval and the removal of the previous central bank chief and president.