Deposits

Loans

Money Supply

Transition

Private Banks

transaction accounts

held in custody

equity + investment pool account + loans from other banks (incl. loans from the central bank)

-

1. switchover of all current accounts into state currency

2. gradual pay down of conversion liability

Central Bank

customer funds

database

investment pool

account database

(lending to

private banks)

1. creating databases

MCC

-

-

Ý

determines quantity

of money

ß

-

Government

-

-

(spending money

into economy)

-