Paraguay's president Peña impeached moments after resigning over banking scandal

The impeachment vote came just minutes after Peña posted his resignation on X, formerly Twitter. The political crisis stems from the government takeover of a bank closely linked to the president, which has prevented millions of citizens, particularly pensioners, from accessing their savings.

Banking Crisis

The bank seizure has triggered widespread protests across Paraguay, with citizens demonstrating against the financial disruption. The situation has severely eroded public trust in the administration's handling of the banking sector.