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Written by on August 27, 2020

Green Party President Peter Sinkamba says the appointment of Christopher Mvunga as Bank of Zambia Governor has come at a wrong time as the nation is still in talks will the International Monitory Fund IMF for a bailout package.

Mr. Sinkamba says the impact of firing Dr. Kalyalya will be great because he was a link to the international community and could speak to various senior fellows at the World Bank who could have helped salvage the economy from further collapse.

He says the move has already sent a wrong signal to the international community which will in turn have a devastating impact on the Zambian economy.

Mr. Sinkamba said this when he featured on Community View Point Radio Programme on Flava Fm Radio yesterday.

And speaking on the same programme ,Kitwe and District Chamber of Commerce and Industry vice president for commerce, Emmanuel Mbambiko said the firing of the Bank of Zambia Governor was expected especially at this time when the country in going towards general elections.

Mr. Mbambiko said the changes at the Bank of Zambia will create a lot of uncertainty in the economy adding that Dr. Kalyalya’s departure is politically motivated and will therefore have drastic effects on the economy.

He says Mr. Mvunga’s appointment shows that  operations at the Central Bank are not independent and entails that the new Governor will be heavily influenced by the appointing authority at the expense of the nation.

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