🚨 🚨🚨A BANK COLLAPSE TURNS INTO A NATIONAL CRISIS IN PARAGUAY 📉💥 🚨🚨🚨
🚨 The central bank shut down ueno bank 🏦, a financial institution used by 60% of the country's adults 🇵🇾.
📉 Now the damage from the collapse is rapidly spreading throughout the economy
❄️ A total of 13 mutual funds managed by 5 different firms froze cash withdrawals 💸 because of their investments in the institution.
🚫 Trading in all bonds issued by the bank has been suspended 📜.
🏛️ Around $380 million from the state pension fund is trapped 💼, along with funds from the state-owned electric utility and the Itaipú Dam ⚡.
🛒 Two out of every three card payments at large stores depended on the bank 💳, bringing retail activity to a near standstill 🏬.
⏱️ For now, customers can withdraw only up to $1,700 💵, with no clear date for when they will be able to recover the rest
🏛️ The political storm erupted after the head of the central bank resigned 🚪 and arrest warrants were issued for 8 executives 🚔.
✈️ President Peña canceled his trip abroad 🛫, as mass protests spread through the streets
#Paraguay #Finanzas #BolsaDeValores #CrisisEconomica #Noticias
$BTC
$ETH
🚨 The central bank shut down ueno bank 🏦, a financial institution used by 60% of the country's adults 🇵🇾.
📉 Now the damage from the collapse is rapidly spreading throughout the economy
❄️ A total of 13 mutual funds managed by 5 different firms froze cash withdrawals 💸 because of their investments in the institution.
🚫 Trading in all bonds issued by the bank has been suspended 📜.
🏛️ Around $380 million from the state pension fund is trapped 💼, along with funds from the state-owned electric utility and the Itaipú Dam ⚡.
🛒 Two out of every three card payments at large stores depended on the bank 💳, bringing retail activity to a near standstill 🏬.
⏱️ For now, customers can withdraw only up to $1,700 💵, with no clear date for when they will be able to recover the rest
🏛️ The political storm erupted after the head of the central bank resigned 🚪 and arrest warrants were issued for 8 executives 🚔.
✈️ President Peña canceled his trip abroad 🛫, as mass protests spread through the streets
#Paraguay #Finanzas #BolsaDeValores #CrisisEconomica #Noticias
$BTC
$ETH
