Paraguay Guarantees Ueno Bank Deposits Up to R$200k; Payments Begin

Paraguay's deposit guarantee fund has begun staged payments to Ueno Bank customers, covering balances up to R$200,000, including Brazilians abroad. Priority is given to smaller depositors (up to 10 million guaranis). This is a financial-system stabilization measure following a bank failure, with uncertainty over the fund's total exposure and recovery rate.

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