🚨 PARAGUAY 🇵🇾 RIOTS IN THE STREETS AFTER 3 MILLION PEOPLE GOT LOCKED OUT OF THEIR OWN MONEY

The central bank shut down Ueno Bank, one of the biggest banks in the country.

3 million customers. About 60% of all adults in Paraguay.

Salaries. Pensions. Savings. FROZEN.

No app. No cards. No ATMs.

Even $380 million of the state pension fund is stuck inside.

Covid locked people inside their homes. This locked them out of their own money.

Then it turned POLITICAL.

President Santiago Peña, the right-wing friend of Milei and Kast, was a SHAREHOLDER in Ueno’s holding company until 2025.

And the man he picked to run the central bank in 2023 used to run Ueno.

Within 24 hours:
• the central bank chief signed his resignation after Peña asked for it
• Ueno’s CEO handed himself in to police, 5 more executives DETAINED
• crowds in central Asunción demanding Peña’s exit
• the opposition pushing to impeach him

The last time Paraguay’s banks broke, in 1995, more than half of them went down.

If you want the parts of this story Paraguay’s government would rather you never heard, follow me.

— Taegun Lee (@TGLetter) November 4, 2026