Paraguay installs new central bank chief as Ueno probe widens

Paraguay's Congress on Monday approved economist Jorge Schreiner as central bank chief, replacing Carlos Carvallo, as prosecutors raided the brokerage arm of collapsed digital lender Ueno.

Why it matters: The appointment, and the naming of former banking regulator Fernando Rivarola to the central bank board, are the new government's first moves to restore confidence after a bank collapse that removed a president and left millions of customers unable to reach their funds.

Data as of Reuters report of November 9, 2026, read in full via SRN News in this run; the Bloomberg version in the feed queue was blocked to this reader and the item was verified through the Reuters second route. Developing item.

Paraguay’s Congress on Monday approved President Pedro Alliana’s nomination of economist Jorge Schreiner to head the central bank, replacing Carlos Carvallo, and named Fernando Rivarola, the former banking regulator whose July report on Ueno helped trigger the crisis, to the bank’s board. Schreiner previously served on the central bank’s board and led the country’s securities commission for a decade until 2013.

The same day, prosecutors raided Ueno’s brokerage arm and released images of ripped-up documents recovered in the search, including fragments of apparent due diligence reports. Former president Santiago Peña and Carvallo, who both had business ties to Ueno, have been charged over alleged breach of trust and placed in pretrial detention, and both have denied wrongdoing.

Paraguay installs new central bank chief as Ueno probe widens

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