Zambia Bonds, Kwacha Slump After Central Bank Governor Fired
- Lungu named former banker Christopher Mvunga as new governor
- Kalyalya was considered a steady hand in tough times
Edgar Lungu
Photographer: Feng Li/Getty Images
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Zambia’s currency and Eurobonds plunged after President Edgar Lungu’s shock dismissal of central bank Governor Denny Kalyalya raised questions about the independence of the institution.