Paraguayan President Santiago Peña resigned from office this Thursday after Ueno Bank was shut down in the middle of the night due to a solvency crisis, leaving customers unable to access their money and triggering a scandal.
“I have made the decision to submit my resignation from the Presidency of the Republic. I do so with the stability of our country, social peace, and the need to preserve our public institutions in mind,” he said in a message posted on social media.
“Today my priority is only one thing: the peace of mind of the Paraguayans who entrusted their savings to our financial system,” he added.
This is a developing story and will be updated.
