HomeWorldAmericaParaguay's president names Schreiner to head central bank

Paraguay’s president names Schreiner to head central bank

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ASUNCION, Nov 9 (Reuters) - ‌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

(Reporting by Daniela Desantis; Writing by Aida Pelaez-Fernandez;; ​Editing by Chizu Nomiyama )

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