Paraguay Central Bank Governor Dismissed Amid Digital Lending Crisis

The Governor of the Central Bank of Paraguay resigned at the request of the President following the deepening crisis at the country's digital lending institution. According to a Reuters report, the central bank governor's departure coincided with the growing crisis at the digital lender. The resignation occurred at the direct request of the President. The report did not provide details on the identity of the central bank governor or who will be appointed in their place. The digital lending crisis is raising concerns about the country's financial stability. The central bank governor's departure may affect policy responses and regulatory measures regarding the digital lender crisis. The source does not provide further information on the nature and scope of the crisis. Not investment advice.