Peña Appoints New Director of the Central Bank and Presents a Project to Return the Savings: “I Want to Transmit Tranquility”
4 Articles
4 Articles
The president of Paraguay, Santiago Peña, appointed veteran economist Raúl Vera Bogado to lead the central bank of the country, the BCP, at a time when the South American country faces a solvency crisis in an important financial institution with ties to the government. Bogado replaces Carlos Carvallo, who resigned on Tuesday, the day when the monetary authority took control of the ueno bank, the sixth largest bank in Paraguay in volume of deposi…
Ueno Bank, owned by the local Grupo Vázquez, closed its doors on Tuesday and left thousands of customers without access to its funds
Authority asserts that financial system is solid after intervention at Ueno Bank; Carlos Carvallo resigned the presidency of the BC, and Peña indicated substitute
The President of the Republic, Santiago Peña, announced that he forwarded to Congress the requests for constitutional agreement to appoint Raúl Vera Bogado as the new head of the Central Bank of Paraguay (BCP), and Pedro Acosta and Edsel González as members of the Board of Directors. The proposal was made public this Wednesday, in a message addressed to the citizens following the resolution of Ueno Bank and the recent departures of authorities f…
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