Key facts
- Alliana said on X the nomination aims to strengthen the central bank's institutional framework and restore Paraguayans' confidence.
- Schreiner served on the central bank's board for two years until 1999 and led the securities commission for a decade until 2013.
- The appointment requires approval by Paraguay's Congress.
- Alliana said he received a call from US Secretary of State Marco Rubio reaffirming the countries' commitment to work together.
Paraguayan President Pedro Alliana on November 9 nominated economist Jorge Schreiner to head the central bank, an appointment that requires congressional approval, Reuters reported.
Schreiner served on the central bank's board for two years until 1999 and led the securities commission for a decade until 2013, according to the report.
Alliana said on X that the move is aimed at "strengthening the central bank's institutional framework and restoring the confidence of the Paraguayan people." He also said he received a call from US Secretary of State Marco Rubio during which they reaffirmed the countries' commitment to continuing to work together.
The nomination follows the crisis triggered by the intervention in digital bank ueno. The intervention and collapse led to the removal of previous central bank chief Carlos Carvallo and former President Santiago Peña, the report said. Peña and Carvallo were charged by prosecutors over alleged ties to the bank after Peña was removed from office through an impeachment trial in Congress for poor performance, and both were placed in pretrial detention.
Ueno's collapse has left millions of customers struggling to access their accounts and a wave of social and political turbulence in Paraguay, according to the report.