I have all the legalized papers ready for my application. I have an immigration attorney in Asuncion, and it is quite clear to me that the $5000 must remain in the bank ( in Guarani ) throughout the four-month processing of the permanent residency visa.
I am preparing now to travel to PY and spend several days there presenting my legalized paperwork and making the residency application. I understand that I must make a second trip to Paraguay to obtain the Cedula.
What is not clear to me is if, should I abandon the Cedula application, I must make a second trip to PY to withdraw the money. It is also not clear to me that I can withdraw the money at all without the Cedula. It seems like my passport ought to be good enough to withdraw the money and close the account at any time, but I have not verified this. I worry too much, but I will demand clarification of these points before I deposit the money.
I am headed to ASU later this year and will find out the details then. Frankly, I'm a little uneasy about Paraguay, but six million other people manage to live there, and I can only go there and see for myself.