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Ueno Bank Accelerates Capture of Public Dollars Amid Currency Drop, MEF Spreadsheets Show

Official spreadsheets from the Ministry of Economy and Finance (MEF) reveal that Ueno Bank, linked to former partners of President Santiago Peña, increased its state deposits in foreign currency by more than US$102 million between December 2025 and April 2026, taking advantage of the dollar's depreciation on the local market. The funds include resources from the Social Security Institute (IPS).

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