Paraguay’s new president, Pedro Alliana, has nominated economist Jorge Schreiner to lead the central bank as the government seeks to restore confidence after the collapse of digital lender ueno and the impeachment of former president Santiago Peña.
Alliana announced the nomination on Monday, 9 November 2026. Schreiner’s appointment requires congressional approval, according to Reuters. He previously served on the central bank’s board and led the securities regulator.
President removed after bank crisis
The appointment follows a dramatic change in leadership on Friday, 6 November. Paraguay’s Senate voted to remove Peña in an impeachment process linked to the banking crisis, and then vice-president Alliana was sworn in as president for the remainder of the term ending in August 2028.
Paraguay’s Senate confirmed Alliana’s swearing-in, while the Chamber of Deputies confirmed the succession. The Senate’s decision came after Peña had offered to resign, but that offer did not bring his term to an end: impeachment and the constitutional succession did.
According to AFP, 44 senators voted for Peña’s removal and one was absent. The transition is therefore complete, not an unresolved contest over who holds the presidency.
Investigations and denials
Peña, who had earlier business links to ueno’s owners, faces criminal allegations concerning the handling of the bank’s collapse and alleged abuse of office. He has denied wrongdoing and pleaded not guilty, according to Reuters. The allegations have not been established by a criminal conviction.
Regulators intervened at ueno over solvency problems, disrupting access to accounts for millions of customers. The central bank has begun compensation payments through the deposit-guarantee scheme, while depositors continue to seek access to their money.
New central-bank leadership proposed
Alliana says the nomination of Schreiner is intended to reinforce the bank’s institutions and rebuild public trust. Congressional consideration of the nominee and continuing efforts to compensate savers will be closely watched.
Image: National flag of Paraguay, public domain via Wikimedia Commons. Illustrative image, not a photograph of the impeachment or central-bank announcement.
