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10:02

BOU Didn't Blow UGX 478B in Crane Bank Take Over-Mutebile uganda 1 1 Top story

First, the BOU did not take Shs 478 billion from an undisclosed account. The BOU provided a loan to Crane Bank and this money came from the BOUs own resources. The BOU is a Central Bank and like any other Central Bank it can create financial assets and liabilities. In this case the BOU created a financial asset the loan to Crane Bank which was matched by an equivalent liability an increase in the money supply.
Sep 1 result