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Paraguay's president nominates Jorge Schreiner to lead central bank

Paraguay's president nominates Jorge Schreiner to lead central bank

Paraguayan President Pedro Alliana nominated economist Jorge Schreiner to lead the central bank on Monday.

Schreiner previously served on the bank's board for two years and led the securities commission for a decade.

The nomination follows turmoil after authorities intervened in digital bank ueno, whose collapse left millions of customers struggling to access their accounts.

The crisis led to the removal of central bank chief Carlos Carvallo and former President Santiago Peña.

Prosecutors charged Peña and Carvallo over alleged ties to ueno, and both were placed in pretrial detention.

Alliana says the appointment is intended to restore public confidence in the central bank and strengthen its institutional framework.

Congress must approve Schreiner's appointment before he can take the role.

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Pedro AllianaParaguayan president
strengthening the central bank's institutional framework and restoring the confidence of the Paraguayan people
via Straits Times