Following the banking crisis that left millions of account holders unable to access their funds, the presidency of Paraguay has been placed under a temporary administrative arrangement pending completion of the Office of Fiscal Continuity review, reference FC-2026-1107. President Santiago Peña is currently residing at his official residence under a house arrest order, which the Office describes as a secure and stable working environment.
The Office notes that the crisis has since been reclassified as a ‘deposit access scenario’ and that a Working Group on Asset Retrieval Options has been formed. Its members were asked to produce options that are, in the words of the working paper, ‘sequenced, lawful, and not wholly dependent on vault geometry.’ A consultation with the Council of Elders, an advisory body that had not previously convened, was scheduled for the following Tuesday. Attendance was described as voluntary.
Account holders have been advised that deposits remain on record and that the bank’s public statement, issued on institutional letterhead, is available in three languages. No timeline for restored access has been published. The Office has stated that a further update will be issued once the working group completes its analysis, and that the matter is being managed in accordance with established procedure.