Paraguay Congress Impeaches President Over Bank Collapse
The fall of Ueno Bank, one of the four systemic banks in Paraguay with nearly 3 million customers, has sparked a crisis involving an impeachment against President Santiago Peña and the arrests of the former Central Bank President Carlos Carvallo, who led the private bank before being. Ueno Bank Fall Unleashes…
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Central bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
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