Paraguay banking crisis: VP Ayala sworn in as president after BCP freezes deposits

Paraguay's central bank (BCP) intervened in the banking system, freezing deposits, bank cards, and other resources, triggering a political transition as Vice President Ayala was sworn in as president. The scope of the crisis and its systemic impact remain unclear, but the freeze signals severe financial stress. This matters as it could destabilize Paraguay's economy and potentially spill over to regional financial markets.

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