Paraguayan lawmakers swore in former Vice President Pedro Alliana as president after the impeachment of Santiago Pena over the collapse of Ueno Bank, whose seizure blocked the accounts of almost half the population. The Central Bank began making advance payments to affected depositors, starting with clients holding deposits of up to around $1,600.
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Advance payments to impacted depositors began on Thursday afternoon, Jose Maciel of the Central Bank's Deposit Guarantee Fund told AFP.
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Pena was impeached on Friday over a banking crisis that left millions of people unable to access their deposits.
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will be announced progressively over the course of the payment process
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The first phase concerns clients with deposits of up to around $1,600, without loans and with an account at another bank or insitution in Paraguay, Maciel said.
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