Former Deputy Secretary to Cabinet Christopher Mvunga has been sworn on as Bank of Zambia Governor.
This follows the ratification of his appointment by President Lungu in Parliament.
Mr Mvunga replaces Denny Kalyalya who was fired as Central Bank Governor.
And President Lungu has urged new Bank of Zambia Governor to strengthen policies that will ensure the financial sector remains stable and inflation brought to a single digit.
The President also says current efforts to address debt sustainability and reduce the country’s debt service burden need to be sustained.
He further said there is need to find efficient ways of financing agricultural inputs as well as managing the procurement of oil.
President Lungu says the Central Bank should double its efforts to maintain stability in the foreign exchange market.