IBOV 167,921.80 ▼ 0.75% IPC MEX 69,779.20 ▼ 0.01% MERVAL 2,848,945 — — USD/BRL5.44▼ 0.03% USD/MXN18.73▼ 0.32% USD/CLP985.20▼ 0.89% USD/COP3,229▼ 0.01% USD/PEN3.46▲ 0.02% USD/ARS1,534▼ 0.10% USD/UYU40.19▲ 3.14% USD/PYG5,965▲ 5.19% USD/BOB12.07▲ 3.75% USD/DOP60.53▲ 0.18% USD/CRC451.45▲ 2.49% USD/GTQ7.64▲ 3.18% USD/HNL26.88▲ 0.49% USD/NIO36.62— 0.00% USD/VES887.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99— 0.00% USD/TTD6.71▲ 2.19% EUR/BRL6.10▲ 1.42% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,921.80 ▼ 0.75% IPC MEX 69,779.20 ▼ 0.01% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Asunción celebrates: Santiago Peña’s inauguration coincides with the city’s 486th anniversary

By · August 10, 2023 · 2 min read

Paraguay’s capital, Asunción, is decked in national colors in anticipation of the inauguration of Santiago Peña as its president and to mark Asunción’s 486th anniversary.

Flags flutter across many locations, with the historic López Palace, dating back to 1857, standing out prominently.

Peña, who emerged victorious in the recent elections with 1,292,079 votes, will assume his office in this iconic building until 2028.

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A series of cultural and entertainment activities, including dance performances, theater shows, entrepreneur fairs, and concerts, are set to enliven the capital for several days.

Santiago Peña.
Santiago Peña.
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The official inauguration, scheduled for April 15th, will witness the attendance of multiple heads of state and is expected to host over 100 foreign delegations.

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Dignitaries confirming their attendance include Argentina’s Alberto Fernández, Bolivia’s Luis Arce, Brazil’s Luiz Inácio Lula de Silva, Chile’s Gabriel Boric, and Uruguay’s Luis Lacalle Pou.

Other notable attendees comprise Spain’s King Felipe VI, Taiwan’s Vice-President William Lai, and Ralph Gonsalves, the Prime Minister of Saint Vincent and the Grenadines.

The day’s itinerary includes the oath-taking ceremony of Peña and Pedro Alliana as the President and Vice-President, respectively, at the López Palace.

This will be followed by a religious ceremony at the Metropolitan Cathedral, Asunción’s premier Catholic shrine.

Established in 1845, the cathedral is dedicated to the Virgin of the Assumption, the city’s patron.

Later in the day, Peña and First Lady Leticia Ocampos will greet the attending delegates at a presidential luncheon.

The evening promises a grand military and police parade and an artistic performance along the city’s waterfront.

An entrepreneur fair, championed by Ocampos on social media, will showcase local talent and creativity.

The day culminates with an artistic gala, celebrating both the beginning of Peña’s presidential tenure and Asunción’s founding anniversary.

Established in 1537 by Juan de Salazar de Espinosa, Asunción’s history and heritage will be at the forefront of the celebrations.

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— For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Living in or visiting Asunción? See this month's events and our Asunción city guide with rents, safety and upcoming concerts.

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