Dissanayake, 56, was sworn in as Sri Lanka's ninth president by Chief Justice Jayantha Jayasuriya at the Presidential Secretariat.
In his inaugural address to the nation, Dissanayake thanked his predecessor Ranil Wickremesinghe for respecting the people's mandate and facilitating a peaceful transfer of power.
"I assure you that I will do my best to preserve democracy and work towards restoring the honour of politicians as people have misgivings about their conduct," Dissanayake said in an address after taking the oath.
Dissanayake stressed Sri Lanka cannot remain in isolation and needed international cooperation.
He said he is not a magician, but his objective is to be part of a collective responsibility to elevate the economic crisis-stricken country.
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