EconomyHow Paraguay’s banking crisis toppled a president and left millions broke | Explainer

More than half of Paraguay’s population woke on 3 November unable to access their bank accounts, a day after payday. Ueno, which had expanded rapidly under Santiago Peña’s government, became the focus of a political and economic crisis that pushed the banking system to the brink of collapse. Protests spread nationwide, some turning violent in clashes with police, and impeachment proceedings began.