New Zambian governor appointed after Kalyalya dismissed
IMF takes unusual step of issuing statement in support of central bank independence
The Zambian government has appointed a new central bank chief, following the controversial dismissal of Denny Kalyalya in August.
Christopher Mvunga, a former deputy finance minister, has taken over as governor. Mvunga served in the Zambian government from 2015 to 2020, and was previously a director at Standard Chartered.
After his swearing-in ceremony, Mvunga told journalists he would uphold the central bank’s independence, Reuters reports.
Kalyalya’s dismissal was widely criticised at the
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