Well, there’s never a dull moment in Paraguay!
The country has found itself in the middle of quite a banking drama, with Ueno Bank, one of Paraguay’s major banks, being taken over by the Central Bank following serious financial problems.
Ueno has around 3 million customers, which is roughly 60% of Paraguay’s adult population. Understandably, this has caused quite a bit of concern, with customers suddenly unable to access their accounts, savings or even use their bank cards.
For some families, this is an incredibly worrying situation, particularly those who depend on their savings and regular access to their money. Hopefully, the authorities will get things sorted and people will be reunited with their hard-earned guaraníes sooner rather than later.
As for me? Thankfully, this particular banking drama doesn’t affect me one little bit. I don’t bank with Ueno, so I’m happily sitting on the sidelines watching all the excitement unfold.
One thing I’ve learnt during my travels is that there’s always something happening somewhere. You just have to keep smiling, keep your wits about you and, perhaps most importantly, make sure you know which bank you’re putting your money into!