Published Saturday, 7 November 2026, 5:40 a.m. ET · Source: Central Bank of Paraguay communiqués, deposit guarantee law
Savers at Paraguay’s failed Ueno Bank are getting their money back in stages, and the guarantee covers balances up to 228.3 million guaraníes (about US$38,200) per person. How soon you are paid depends on your balance and on whether you owe Ueno anything.
By early Saturday 7 November 2026, the Central Bank of Paraguay (BCP) said it had started paying a first group (balances up to 10 million guaraníes, about US$1,670) and a second group (up to 121.76 million guaraníes, about US$20,400). Everyone with more is still waiting for dates the BCP has not published.
The Central Bank of Paraguay is paying Ueno Bank savers in groups: small balances first, larger ones later, and amounts above the legal cap with no promised date.
What Happened to Ueno Bank
Ueno Bank is a Paraguayan digital lender that the BCP took over in the first days of November 2026, after its solvency ratio (a measure of whether a bank can absorb losses) fell below half the legal minimum. Nearly three million clients lost access to their accounts, cards and app.
Paraguay’s prosecutor’s office has formally accused 27 people, and President Santiago Peña was removed by the Senate on Friday 6 November, as we reported. The payout rules below come from a 2003 deposit-insurance law (Law 2334/03) and a new law approved this week.
Who Gets Paid, How Much and When
The BCP pays through the FGD in groups, and all limits apply per depositor, not per account. A depositor who holds several accounts at Ueno shares one limit across all of them.
The 121.76 million figure equals 40 monthly minimum wages, the advance the new law allows. The full guarantee is 75 minimum wages, or 228.3 million guaraníes (about US$38,200), at the minimum wage of 3,044,000 guaraníes (about US$509) in force since 1 July 2026.
The BCP says payments start within 24 hours of the resolution and the process may not exceed five business days from 5 November, which on our count ends on Wednesday 11 November. Under the earlier rule the fund had 15 calendar days, extendable once.
For savers under the cap, the guarantee covers the full balance. For them the question is timing, not loss.
How to Claim Your Money
There is no counter queue and no form to post. The BCP says payment is made automatically into an account, and your job is to find out which bank it names for you.
What Happens to Money Above the Limit
The guarantee stops at 228.3 million guaraníes (about US$38,200) per depositor at each institution. The BCP has published no schedule, no amount and no promise for repaying balances above that ceiling.
Debts matter too. The BCP says overdue debts to Ueno are deducted from the advance, yet the first two groups are open only to savers with no debts at all, and the rules do not say how the two statements fit together.
Foreign and Corporate Depositors
Savers who held dollars at Ueno are repaid in guaraníes under the fund’s rules, and the BCP has not said which exchange rate it will use. The guarantee makes no distinction between Paraguayans and foreigners, but groups 1 and 2 require an account at another Paraguayan bank.
Persons and companies linked to Ueno are excluded from the guarantee. The BCP says they must return any money improperly received within 24 hours.
What It Means for You
If you banked at Ueno, the practical order is simple: watch your email, check the BCP page, and move nothing until you know your assigned bank. A US reader with a Paraguayan dollar account should expect a guaraní payout, so the exchange rate on the day matters; the guaraní closed at 5,976 per US$ on Friday 6 November, weaker than 5,875 a day earlier (RT market data).
Background: the first payout announcement, the central bank chief’s resignation, his surrender to prosecutors and the guaraní slide