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Y3^uqHNSWVH>WXGJ\?++*!o0%Ud0+!hhM 7. L?57M3qGk[=YI-t/)FQ/p"]q]2Qp?cOmj$j? e`prpMaVD?&X=J[,'_? :qfM?GIjDb&)X/[K6VGF:?=4,&>qEnh8F$+^Eff,Js*Z,h00V)Y0R3P+A$ro`["P@KGO#V. 56rc\b0&c?9Z[Uao#S@CE&Y:=[R _YM+W!WY*O9`^*A`K$IFCAA\@626)`V"N\gP-,J&*0%?l@>%CQEWs8EA.TC>*9%!= )n-)XB$unNr\j'jL8IVpk8,R?CXc[ )e5thuW The aim of the article is to analyze the stages in the evolution of electronic money. *q[+j@ccLV:tbq@k,%\G"d378N(M0j9JJR\=&eA:A&*3Pk//XuVh$UIjt Dk[]'a6YM:Es=;r5qJ+5!r(Le?`A[kmqP2? mBPgf4mQgk6.#*MC/t-bk6U3p9\/(r"odoln?$K=(ALr[5)('1]0rYMsr@7#;,n'%,;3>3PJa^T6A.rWrCr#9#+i [0.I`1JrSc'=^?/Q:YMnI429!p(;En6rWEPHX&Rr-*NaO$>cu]JXae[-E6G"Z'^J ;nuOHicbh$;n20TFP%\P. 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