The order signed by the Deputy Registrar Dr. Agnes Nkonge stays URA from enforcing the transition period deadline which the tax body had set before slapping heavy fines to manufacturers and importers of several gazette goods including bottled water, soda, beer, wine, spirits, and tobacco.
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.