Santiago Peña has stepped down as Paraguay's president amid street protests over the collapse of the digital bank ueno, which left a large share of the population unable to reach their savings.
Paraguayan President Santiago Peña resigned on 5 November 2026, according to reports from Reuters, DW and The New York Times, after the collapse of the prominent digital lender ueno pushed the country into what the Times described as its worst financial crisis in decades. Regulators seized control of the bank, and Reuters reported that Peña, who had previous business links to the lender, came under intense pressure as his position became increasingly untenable. Peña apologized for failing to prevent the crisis, the Times reported.
The human impact has been severe. Reuters said nearly half of the population was left without access to bank accounts, while DW put the figure at around 60 percent, so the exact share remains uncertain. Street protests followed the seizure of the lender, and DW reported that the central bank is arranging repayments but has stopped short of guaranteeing the savings of every account holder. How and how quickly depositors will be made whole is therefore still an open question.
The video attached to this article is a Reuters news report on the resignation, published on the evening of 5 November 2026; it is a news package rather than raw footage of the event itself. Details such as the transition of power, the full scale of losses and the exact number of affected customers were not independently confirmed at the time of writing, and Reporix will update coverage as official statements and regulator figures become available.
