Paraguay's president names Schreiner to head central bank

Paraguayan President Pedro Alliana ​on Monday nominated economist ​Jorge Schreiner to head the ‌central ​bank, following the crisis triggered by the intervention in digital bank ueno. Schreiner served on ‌the central bank's board for two years until 1999 and led the securities commission for a decade until 2013. His appointment requires ‌congressional approval.

• Alliana said on X that the move ‌is aimed at "strengthening the central bank's institutional framework and restoring the confidence of the Paraguayan people" • The ueno intervention and collapse led to the removal ⁠of previous ​central bank ⁠chief Carlos Carvallo and Paraguay's former President Santiago Peña

• Peña and Carvallo were ⁠charged by prosecutors over alleged ties to the bank after the ​former president was removed from office through an impeachment trial in ⁠Congress for poor performance • Both were placed in pretrial detention

• Ueno's collapse ⁠has ​left millions of customers struggling to access their accounts and a wave of social and political turbulence in Paraguay • Alliana ⁠also said on X that he received a call from ⁠US Secretary of ⁠State Marco Rubio, during which they reaffirmed the countries' commitment to continuing to work together