English to Persian (Farsi) Science Finance (general) the two-tiered financial system

be designed to preserve the two-tiered financial system, as a
public-private partnership. In terms of involvement by the private sector, we should not think only about
models where the central bank provides retail services directly (such as the FedAccounts idea).25 From a
user perspective, a successful retail CBDC would need to provide a resilient and inclusive digital
complement to physical cash – but that does not preclude an important role for the private sector.