Unveiling the 2019 tourism plan, the Kingdom’s Tourism Minister, Hellen Namutamba says that, most European tourists are attracted to African culture arguing that people who own traditional homes will gain out of this venture.
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.