7 years in Beirut, 1 night in Asuncion: Lebanon’s lost savings are a warning for Paraguay

DUBAI: On Nov. 3, nearly 3 million people in Paraguay opened their banking app and found their money out of reach. Ueno, a digital lender whose customers made up about 60 percent of the country’s adults, according to the Associated Press, had been seized overnight. By Friday, the crisis had cost a president his job and his freedom, and AFP reported crowds gathered outside Congress chanting: “Give back the money.” Seven years earlier, Lebanese savers lived the same nightmare. There are similar

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