Paraguay names Schreiner as central bank chief following Ueno collapse

Paraguayan President Pedro Alliana has appointed economist Jorge Schreiner as the new head of the country's central bank, following the collapse of digital bank Ueno. Schreiner, who previously served on the central bank’s board and led the securities commission, was approved by Congress. The appointment comes after a crisis triggered by the Ueno intervention, which led to the removal of previous central bank chief Carlos Carvallo and former President Santiago Peña, both of whom are now in pretrial detention.

Alliana aims to strengthen the central bank's institutional framework and restore public confidence. The bank's collapse has left many customers unable to access their accounts, resulting in significant social and political turmoil in Paraguay. Additionally, Alliana appointed Felix Sosa as the president of the National Electricity Authority.

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