The article deals with a proposal of far-reaching changes in the supply of modern money. According to the author, money supply means an offer to make the money available to interested entities rather than the stock of money in circulation.

Money supply should explicitly differentiate between the supply of money used for exchange and payment purposes and the money used for savings/lending purposes, and between primary and secondary supply within each group. In case of the primary supply of the first group, being of a decisive nature in the circulation of money in general, the following new solutions are proposed:

• Central bank should be the sole issuer of the above named money;
• Central bank credit may be extended only to commercial banks through transfers into their current accounts; funds accumulated in these accounts should be used to supplement the circulation with the cash money and for interbank settlements purposes;
• Based on and up to the amount of the credit received commercial banks launch secondary supply of money;
• Each transfer of money between entities serviced by various banks results in interbank settlements performed with the money accumulate in current accounts with the central bank.

The supply of savings/lending money refers to the supply of funds not spent on consumption or reproduction and increase of the capital or consumption assets in a given time. It can also be broken down by primary, or savings creating, and secondary, i.e. use of savings, supply.

Particular attention should be paid and critical evaluation given to the creation of money through banking foreign currency and exchange operations. This practice should be completely eliminated, and the following principles should be introduced:

• Goods-like nature of currencies, i.e. each currency should be considered to be same good as all other economic goods.
• Convertibility of currencies according to needs and capacity of interested parties, including elimination of the obligation to purchase and sell currencies by the central bank.
• Unrestricted maintenance and use of currencies accumulated.
• Market-driven fixing of exchange rates.