{"id":54211,"date":"2023-12-19T20:37:11","date_gmt":"2023-12-19T20:37:11","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga"},"modified":"2023-12-19T20:50:45","modified_gmt":"2023-12-19T20:50:45","slug":"dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga","title":{"rendered":"DON\u2019T BLAME KWACHA DEPRECIATION ON GOVT- Former BOZ Governor Christopher Mvunga"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Former Bank of Zambia Governor (BOZ) Christopher Mvunga says the depreciation of the Kwacha should not be blamed on government. Mr Mvunga says Zambians should not look at the depreciation of the kwacha in Isolation but that they should take into account a number of global challenges affecting economies.<\/p>\n

In an interview in Lusaka, Mr Mvunga said the past two years have taken a toll on economies across the globe including Zambia, which has affected the performance of the kwacha.<\/p>\n

Mr Mvunga cited the effects of the pandemic, the Russia- Ukraine war, and Climate Change as some of the contributors to the depreciation of the kwacha.<\/p>\n

\u201cThe depreciation of the kwacha should not be looked at in isolation, there are a number of factors which contribute, it\u2019s a global issue and it\u2019s happening everywhere,\u201d Mr Mvunga said.<\/p>\n

Mr Mvunga explained that external factors have created a demand for more imports than exports, thus affecting the country\u2019s productivity. He said there is need for Zambia to export more to counter the imports hence the need for home grown solutions such as value addition to enhance the manufacturing sector.<\/p>\n

Mr Mvunga said he is optimistic that the 2024 National Budget whose focus is unlocking economic potential is the right focus for the progression of the economy.<\/p>\n

The former BOZ Governor further urged Zambians not to let the Free trade area make Zambia a dumping market for industrialized countries adding that Zambia should also export to international markets.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Former Bank of Zambia Governor (BOZ) Christopher Mvunga says the depreciation of the Kwacha should not be blamed on government. Mr Mvunga says Zambians should not look at the depreciation of the kwacha in Isolation but that they should take into account a number of global challenges affecting economies. In an interview […]<\/p>\n","protected":false},"author":84,"featured_media":54210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-54211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nDON\u2019T BLAME KWACHA DEPRECIATION ON GOVT- Former BOZ Governor Christopher Mvunga - Zambia<\/title>\n<meta name=\"description\" content=\"Former Bank of Zambia Governor (BOZ) Christopher Mvunga says the depreciation of the Kwacha should not be blamed on gove ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DON\u2019T BLAME KWACHA DEPRECIATION ON GOVT- Former BOZ Governor Christopher Mvunga\" \/>\n<meta property=\"og:description\" content=\"Former Bank of Zambia Governor (BOZ) Christopher Mvunga says the depreciation of the Kwacha should not be blamed on gove ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-19T20:37:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-19T20:50:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1703006328.424853.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"DON\u2019T BLAME KWACHA DEPRECIATION ON GOVT- Former BOZ Governor Christopher Mvunga\",\"datePublished\":\"2023-12-19T20:37:11+00:00\",\"dateModified\":\"2023-12-19T20:50:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga\"},\"wordCount\":271,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1703006328.424853.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/dont-blame-kwacha-depreciation-on-govt-former-boz-governor-christopher-mvunga\",\"name\":\"DON\u2019T BLAME KWACHA DEPRECIATION ON GOVT- Former BOZ Governor Christopher Mvunga - 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