diff --git a/substrate/core/test-runtime/wasm/target/wasm32-unknown-unknown/release/substrate_test_runtime.compact.wasm b/substrate/core/test-runtime/wasm/target/wasm32-unknown-unknown/release/substrate_test_runtime.compact.wasm
index a7de97ffb9..5adc592d20 100644
Binary files a/substrate/core/test-runtime/wasm/target/wasm32-unknown-unknown/release/substrate_test_runtime.compact.wasm and b/substrate/core/test-runtime/wasm/target/wasm32-unknown-unknown/release/substrate_test_runtime.compact.wasm differ
diff --git a/substrate/node/cli/src/chain_spec.rs b/substrate/node/cli/src/chain_spec.rs
index 7edec08b43..59f22e7c37 100644
--- a/substrate/node/cli/src/chain_spec.rs
+++ b/substrate/node/cli/src/chain_spec.rs
@@ -150,6 +150,10 @@ fn staging_testnet_config_genesis() -> GenesisConfig {
 			burn: Permill::from_percent(50),
 		}),
 		contract: Some(ContractConfig {
+			transaction_base_fee: 1 * CENTS,
+			transaction_byte_fee: 10 * MILLICENTS,
+			transfer_fee: 1 * CENTS,
+			creation_fee: 1 * CENTS,
 			contract_fee: 1 * CENTS,
 			call_base_fee: 1000,
 			create_base_fee: 1000,
@@ -303,6 +307,10 @@ pub fn testnet_genesis(
 			burn: Permill::from_percent(50),
 		}),
 		contract: Some(ContractConfig {
+			transaction_base_fee: 1,
+			transaction_byte_fee: 0,
+			transfer_fee: 0,
+			creation_fee: 0,
 			contract_fee: 21,
 			call_base_fee: 135,
 			create_base_fee: 175,
diff --git a/substrate/node/runtime/src/lib.rs b/substrate/node/runtime/src/lib.rs
index b6d4738572..eb5684c19e 100644
--- a/substrate/node/runtime/src/lib.rs
+++ b/substrate/node/runtime/src/lib.rs
@@ -59,7 +59,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	impl_name: create_runtime_str!("substrate-node"),
 	authoring_version: 10,
 	spec_version: 46,
-	impl_version: 46,
+	impl_version: 47,
 	apis: RUNTIME_API_VERSIONS,
 };
 
@@ -167,6 +167,7 @@ impl treasury::Trait for Runtime {
 }
 
 impl contract::Trait for Runtime {
+	type Currency = balances::Module<Runtime>;
 	type Call = Call;
 	type Event = Event;
 	type Gas = u64;
diff --git a/substrate/node/runtime/wasm/Cargo.lock b/substrate/node/runtime/wasm/Cargo.lock
index 4bc3dcf6da..396d377ade 100644
--- a/substrate/node/runtime/wasm/Cargo.lock
+++ b/substrate/node/runtime/wasm/Cargo.lock
@@ -2204,7 +2204,6 @@ dependencies = [
  "sr-primitives 0.1.0",
  "sr-sandbox 0.1.0",
  "sr-std 0.1.0",
- "srml-balances 0.1.0",
  "srml-support 0.1.0",
  "srml-system 0.1.0",
  "srml-timestamp 0.1.0",
diff --git a/substrate/node/runtime/wasm/target/wasm32-unknown-unknown/release/node_runtime.compact.wasm b/substrate/node/runtime/wasm/target/wasm32-unknown-unknown/release/node_runtime.compact.wasm
index 4ff22ed0e8..9bd3604b42 100644
Binary files a/substrate/node/runtime/wasm/target/wasm32-unknown-unknown/release/node_runtime.compact.wasm and b/substrate/node/runtime/wasm/target/wasm32-unknown-unknown/release/node_runtime.compact.wasm differ
diff --git a/substrate/srml/contract/Cargo.toml b/substrate/srml/contract/Cargo.toml
index cb4ad0ffc1..ae91f6632d 100644
--- a/substrate/srml/contract/Cargo.toml
+++ b/substrate/srml/contract/Cargo.toml
@@ -17,7 +17,6 @@ rstd = { package = "sr-std", path = "../../core/sr-std", default-features = fals
 sandbox = { package = "sr-sandbox", path = "../../core/sr-sandbox", default-features = false }
 srml-support = { path = "../support", default-features = false }
 system = { package = "srml-system", path = "../system", default-features = false }
-balances = { package = "srml-balances", path = "../balances", default-features = false }
 timestamp = { package = "srml-timestamp", path = "../timestamp", default-features = false }
 
 [dev-dependencies]
@@ -25,6 +24,7 @@ wabt = "~0.7.4"
 assert_matches = "1.1"
 hex-literal = "0.1.0"
 consensus = { package = "srml-consensus", path = "../consensus" }
+balances = { package = "srml-balances", path = "../balances" }
 
 [features]
 default = ["std"]
@@ -36,7 +36,6 @@ std = [
 	"runtime-primitives/std",
 	"runtime-io/std",
 	"rstd/std",
-	"balances/std",
 	"sandbox/std",
 	"srml-support/std",
 	"system/std",
diff --git a/substrate/srml/contract/src/account_db.rs b/substrate/srml/contract/src/account_db.rs
index 1ea763800a..6b5142b6c8 100644
--- a/substrate/srml/contract/src/account_db.rs
+++ b/substrate/srml/contract/src/account_db.rs
@@ -16,8 +16,8 @@
 
 //! Auxilliaries to help with managing partial changes to accounts state.
 
-use super::{CodeHash, CodeHashOf, Trait, AccountInfo, TrieId, AccountInfoOf};
-use {balances, system};
+use super::{CodeHash, CodeHashOf, Trait, AccountInfo, TrieId, AccountInfoOf, BalanceOf};
+use system;
 use rstd::cell::RefCell;
 use rstd::rc::Rc;
 use rstd::collections::btree_map::{BTreeMap, Entry};
@@ -27,7 +27,7 @@ use srml_support::{StorageMap, traits::{UpdateBalanceOutcome,
 	SignedImbalance, Currency, Imbalance}, storage::child};
 
 pub struct ChangeEntry<T: Trait> {
-	balance: Option<T::Balance>,
+	balance: Option<BalanceOf<T>>,
 	/// In the case the outer option is None, the code_hash remains untouched, while providing `Some(None)` signifies a removing of the code in question
 	code: Option<Option<CodeHash<T>>>,
 	storage: BTreeMap<Vec<u8>, Option<Vec<u8>>>,
@@ -91,7 +91,7 @@ pub trait AccountDb<T: Trait> {
 	fn get_or_create_trieid(&self, account: &T::AccountId) -> TrieId;
 	fn get_storage(&self, trie_id: &TrieId, location: &[u8]) -> Option<Vec<u8>>;
 	fn get_code(&self, account: &T::AccountId) -> Option<CodeHash<T>>;
-	fn get_balance(&self, account: &T::AccountId) -> T::Balance;
+	fn get_balance(&self, account: &T::AccountId) -> BalanceOf<T>;
 
 	fn commit(&mut self, change_set: ChangeSet<T>);
 }
@@ -114,15 +114,15 @@ impl<T: Trait> AccountDb<T> for DirectAccountDb {
 	fn get_code(&self, account: &T::AccountId) -> Option<CodeHash<T>> {
 		<CodeHashOf<T>>::get(account)
 	}
-	fn get_balance(&self, account: &T::AccountId) -> T::Balance {
-		balances::Module::<T>::free_balance(account)
+	fn get_balance(&self, account: &T::AccountId) -> BalanceOf<T> {
+		T::Currency::free_balance(account)
 	}
 	fn commit(&mut self, s: ChangeSet<T>) {
 		let mut total_imbalance = SignedImbalance::zero();
 		for (address, changed) in s.into_iter() {
 			let trieid = <Self as AccountDb<T>>::get_or_create_trieid(&self, &address);
 			if let Some(balance) = changed.balance {
-				let (imbalance, outcome) = balances::Module::<T>::make_free_balance_be(&address, balance);
+				let (imbalance, outcome) = T::Currency::make_free_balance_be(&address, balance);
 				total_imbalance = total_imbalance.merge(imbalance);
 				if let UpdateBalanceOutcome::AccountKilled = outcome {
 					// Account killed. This will ultimately lead to calling `OnFreeBalanceZero` callback
@@ -206,7 +206,7 @@ impl<'a, T: Trait> OverlayAccountDb<'a, T> {
 			.or_insert(Default::default())
 			.code = Some(code);
 	}
-	pub fn set_balance(&mut self, account: &T::AccountId, balance: T::Balance) {
+	pub fn set_balance(&mut self, account: &T::AccountId, balance: BalanceOf<T>) {
 		self.local
 			.borrow_mut()
 			.entry(account.clone())
@@ -257,7 +257,7 @@ impl<'a, T: Trait> AccountDb<T> for OverlayAccountDb<'a, T> {
 			.and_then(|a| a.code.clone())
 			.unwrap_or_else(|| self.underlying.get_code(account))
 	}
-	fn get_balance(&self, account: &T::AccountId) -> T::Balance {
+	fn get_balance(&self, account: &T::AccountId) -> BalanceOf<T> {
 		self.local
 			.borrow()
 			.get(account)
diff --git a/substrate/srml/contract/src/exec.rs b/substrate/srml/contract/src/exec.rs
index 011f1d9e1e..6c04a2e1d0 100644
--- a/substrate/srml/contract/src/exec.rs
+++ b/substrate/srml/contract/src/exec.rs
@@ -14,7 +14,7 @@
 // You should have received a copy of the GNU General Public License
 // along with Substrate. If not, see <http://www.gnu.org/licenses/>.
 
-use super::{CodeHash, Config, ContractAddressFor, Event, RawEvent, Trait, TrieId};
+use super::{CodeHash, Config, ContractAddressFor, Event, RawEvent, Trait, TrieId, BalanceOf};
 use crate::account_db::{AccountDb, DirectAccountDb, OverlayAccountDb, AccountTrieIdMapping};
 use crate::gas::{GasMeter, Token, approx_gas_for_balance};
 
@@ -25,7 +25,6 @@ use runtime_primitives::traits::{CheckedAdd, CheckedSub, Zero};
 use srml_support::traits::{WithdrawReason, Currency};
 use timestamp;
 
-pub type BalanceOf<T> = <T as balances::Trait>::Balance;
 pub type AccountIdOf<T> = <T as system::Trait>::AccountId;
 pub type CallOf<T> = <T as Trait>::Call;
 pub type MomentOf<T> = <T as timestamp::Trait>::Moment;
@@ -281,7 +280,7 @@ where
 	pub fn call(
 		&mut self,
 		dest: T::AccountId,
-		value: T::Balance,
+		value: BalanceOf<T>,
 		gas_meter: &mut GasMeter<T>,
 		input_data: &[u8],
 		empty_output_buf: EmptyOutputBuf,
@@ -306,7 +305,7 @@ where
 				dest.clone()
 			);
 
-			if value > T::Balance::zero() {
+			if value > BalanceOf::<T>::zero() {
 				transfer(
 					gas_meter,
 					TransferCause::Call,
@@ -349,7 +348,7 @@ where
 
 	pub fn instantiate(
 		&mut self,
-		endowment: T::Balance,
+		endowment: BalanceOf<T>,
 		gas_meter: &mut GasMeter<T>,
 		code_hash: &CodeHash<T>,
 		input_data: &[u8],
@@ -439,7 +438,7 @@ pub struct TransferFeeToken<Balance> {
 	gas_price: Balance,
 }
 
-impl<T: Trait> Token<T> for TransferFeeToken<T::Balance> {
+impl<T: Trait> Token<T> for TransferFeeToken<BalanceOf<T>> {
 	type Metadata = Config<T>;
 
 	#[inline]
@@ -468,7 +467,7 @@ enum TransferCause {
 /// (transfering endowment) or because of a transfer via `call`. This
 /// is specified using the `cause` parameter.
 ///
-/// NOTE: that the fee is denominated in `T::Balance` units, but
+/// NOTE: that the fee is denominated in `BalanceOf<T>` units, but
 /// charged in `T::Gas` from the provided `gas_meter`. This means
 /// that the actual amount charged might differ.
 ///
@@ -480,7 +479,7 @@ fn transfer<'a, T: Trait, V: Vm<T>, L: Loader<T>>(
 	cause: TransferCause,
 	transactor: &T::AccountId,
 	dest: &T::AccountId,
-	value: T::Balance,
+	value: BalanceOf<T>,
 	ctx: &mut ExecutionContext<'a, T, V, L>,
 ) -> Result<(), &'static str> {
 	use self::TransferCause::*;
@@ -528,7 +527,7 @@ fn transfer<'a, T: Trait, V: Vm<T>, L: Loader<T>>(
 	if would_create && value < ctx.config.existential_deposit {
 		return Err("value too low to create account");
 	}
-	<balances::Module<T>>::ensure_can_withdraw(transactor, value, WithdrawReason::Transfer, new_from_balance)?;
+	T::Currency::ensure_can_withdraw(transactor, value, WithdrawReason::Transfer, new_from_balance)?;
 
 	let new_to_balance = match to_balance.checked_add(&value) {
 		Some(b) => b,
@@ -548,7 +547,7 @@ fn transfer<'a, T: Trait, V: Vm<T>, L: Loader<T>>(
 struct CallContext<'a, 'b: 'a, T: Trait + 'b, V: Vm<T> + 'b, L: Loader<T>> {
 	ctx: &'a mut ExecutionContext<'b, T, V, L>,
 	caller: T::AccountId,
-	value_transferred: T::Balance,
+	value_transferred: BalanceOf<T>,
 	timestamp: T::Moment,
 	random_seed: T::Hash,
 }
@@ -574,7 +573,7 @@ where
 	fn instantiate(
 		&mut self,
 		code_hash: &CodeHash<T>,
-		endowment: T::Balance,
+		endowment: BalanceOf<T>,
 		gas_meter: &mut GasMeter<T>,
 		input_data: &[u8],
 	) -> Result<InstantiateReceipt<AccountIdOf<T>>, &'static str> {
@@ -584,7 +583,7 @@ where
 	fn call(
 		&mut self,
 		to: &T::AccountId,
-		value: T::Balance,
+		value: BalanceOf<T>,
 		gas_meter: &mut GasMeter<T>,
 		input_data: &[u8],
 		empty_output_buf: EmptyOutputBuf,
@@ -608,11 +607,11 @@ where
 		&self.caller
 	}
 
-	fn balance(&self) -> T::Balance {
+	fn balance(&self) -> BalanceOf<T> {
 		self.ctx.overlay.get_balance(&self.ctx.self_account)
 	}
 
-	fn value_transferred(&self) -> T::Balance {
+	fn value_transferred(&self) -> BalanceOf<T> {
 		self.value_transferred
 	}
 
diff --git a/substrate/srml/contract/src/gas.rs b/substrate/srml/contract/src/gas.rs
index 205a422871..54199042bc 100644
--- a/substrate/srml/contract/src/gas.rs
+++ b/substrate/srml/contract/src/gas.rs
@@ -14,8 +14,7 @@
 // You should have received a copy of the GNU General Public License
 // along with Substrate. If not, see <http://www.gnu.org/licenses/>.
 
-use crate::{GasSpent, Module, Trait};
-use balances;
+use crate::{GasSpent, Module, Trait, BalanceOf, NegativeImbalanceOf};
 use runtime_primitives::BLOCK_FULL;
 use runtime_primitives::traits::{As, CheckedMul, CheckedSub, Zero};
 use srml_support::{StorageValue, traits::{OnUnbalanced, ExistenceRequirement, WithdrawReason, Currency, Imbalance}};
@@ -83,14 +82,14 @@ pub struct GasMeter<T: Trait> {
 	limit: T::Gas,
 	/// Amount of gas left from initial gas limit. Can reach zero.
 	gas_left: T::Gas,
-	gas_price: T::Balance,
+	gas_price: BalanceOf<T>,
 
 	#[cfg(test)]
 	tokens: Vec<ErasedToken>,
 }
 impl<T: Trait> GasMeter<T> {
 	#[cfg(test)]
-	pub fn with_limit(gas_limit: T::Gas, gas_price: T::Balance) -> GasMeter<T> {
+	pub fn with_limit(gas_limit: T::Gas, gas_price: BalanceOf<T>) -> GasMeter<T> {
 		GasMeter {
 			limit: gas_limit,
 			gas_left: gas_limit,
@@ -175,7 +174,7 @@ impl<T: Trait> GasMeter<T> {
 		}
 	}
 
-	pub fn gas_price(&self) -> T::Balance {
+	pub fn gas_price(&self) -> BalanceOf<T> {
 		self.gas_price
 	}
 
@@ -202,7 +201,7 @@ impl<T: Trait> GasMeter<T> {
 pub fn buy_gas<T: Trait>(
 	transactor: &T::AccountId,
 	gas_limit: T::Gas,
-) -> Result<(GasMeter<T>, balances::NegativeImbalance<T>), &'static str> {
+) -> Result<(GasMeter<T>, NegativeImbalanceOf<T>), &'static str> {
 	// Check if the specified amount of gas is available in the current block.
 	// This cannot underflow since `gas_spent` is never greater than `block_gas_limit`.
 	let gas_available = <Module<T>>::block_gas_limit() - <Module<T>>::gas_spent();
@@ -213,11 +212,11 @@ pub fn buy_gas<T: Trait>(
 
 	// Buy the specified amount of gas.
 	let gas_price = <Module<T>>::gas_price();
-	let cost = <T::Gas as As<T::Balance>>::as_(gas_limit.clone())
+	let cost = <T::Gas as As<BalanceOf<T>>>::as_(gas_limit.clone())
 		.checked_mul(&gas_price)
 		.ok_or("overflow multiplying gas limit by price")?;
 
-	let imbalance = <balances::Module<T>>::withdraw(
+	let imbalance = T::Currency::withdraw(
 		transactor,
 		cost,
 		WithdrawReason::Fee,
@@ -238,7 +237,7 @@ pub fn buy_gas<T: Trait>(
 pub fn refund_unused_gas<T: Trait>(
 	transactor: &T::AccountId,
 	gas_meter: GasMeter<T>,
-	imbalance: balances::NegativeImbalance<T>,
+	imbalance: NegativeImbalanceOf<T>,
 ) {
 	let gas_spent = gas_meter.spent();
 	let gas_left = gas_meter.gas_left();
@@ -249,8 +248,8 @@ pub fn refund_unused_gas<T: Trait>(
 	<GasSpent<T>>::mutate(|block_gas_spent| *block_gas_spent += gas_spent);
 
 	// Refund gas left by the price it was bought.
-	let refund = <T::Gas as As<T::Balance>>::as_(gas_left) * gas_meter.gas_price;
-	let refund_imbalance = <balances::Module<T>>::deposit_creating(transactor, refund);
+	let refund = <T::Gas as As<BalanceOf<T>>>::as_(gas_left) * gas_meter.gas_price;
+	let refund_imbalance = T::Currency::deposit_creating(transactor, refund);
 	if let Ok(imbalance) = imbalance.offset(refund_imbalance) {
 		T::GasPayment::on_unbalanced(imbalance);
 	}
@@ -258,9 +257,9 @@ pub fn refund_unused_gas<T: Trait>(
 
 /// A little handy utility for converting a value in balance units into approximitate value in gas units
 /// at the given gas price.
-pub fn approx_gas_for_balance<T: Trait>(gas_price: T::Balance, balance: T::Balance) -> T::Gas {
-	let amount_in_gas: T::Balance = balance / gas_price;
-	<T::Gas as As<T::Balance>>::sa(amount_in_gas)
+pub fn approx_gas_for_balance<T: Trait>(gas_price: BalanceOf<T>, balance: BalanceOf<T>) -> T::Gas {
+	let amount_in_gas: BalanceOf<T> = balance / gas_price;
+	<T::Gas as As<BalanceOf<T>>>::sa(amount_in_gas)
 }
 
 /// A simple utility macro that helps to match against a
diff --git a/substrate/srml/contract/src/lib.rs b/substrate/srml/contract/src/lib.rs
index 2c2d2106a6..63b425eba4 100644
--- a/substrate/srml/contract/src/lib.rs
+++ b/substrate/srml/contract/src/lib.rs
@@ -74,7 +74,7 @@ use parity_codec::{Codec, Encode, Decode};
 use runtime_primitives::traits::{Hash, As, SimpleArithmetic,Bounded, StaticLookup};
 use srml_support::dispatch::{Result, Dispatchable};
 use srml_support::{Parameter, StorageMap, StorageValue, decl_module, decl_event, decl_storage, storage::child};
-use srml_support::traits::{OnFreeBalanceZero, OnUnbalanced};
+use srml_support::traits::{OnFreeBalanceZero, OnUnbalanced, Currency};
 use system::{ensure_signed, RawOrigin};
 use timestamp;
 
@@ -133,7 +133,12 @@ where
 	}
 }
 
-pub trait Trait: balances::Trait + timestamp::Trait {
+pub type BalanceOf<T> = <<T as Trait>::Currency as Currency<<T as system::Trait>::AccountId>>::Balance;
+pub type NegativeImbalanceOf<T> = <<T as Trait>::Currency as Currency<<T as system::Trait>::AccountId>>::NegativeImbalance;
+
+pub trait Trait: timestamp::Trait {
+	type Currency: Currency<Self::AccountId>;
+
 	/// The outer call dispatch type.
 	type Call: Parameter + Dispatchable<Origin=<Self as system::Trait>::Origin>;
 
@@ -141,7 +146,7 @@ pub trait Trait: balances::Trait + timestamp::Trait {
 	type Event: From<Event<Self>> + Into<<Self as system::Trait>::Event>;
 
 	// As<u32> is needed for wasm-utils
-	type Gas: Parameter + Default + Codec + SimpleArithmetic + Bounded + Copy + As<Self::Balance> + As<u64> + As<u32>;
+	type Gas: Parameter + Default + Codec + SimpleArithmetic + Bounded + Copy + As<BalanceOf<Self>> + As<u64> + As<u32>;
 
 	/// A function type to get the contract address given the creator.
 	type DetermineContractAddress: ContractAddressFor<CodeHash<Self>, Self::AccountId>;
@@ -150,12 +155,13 @@ pub trait Trait: balances::Trait + timestamp::Trait {
 	///
 	/// It is recommended (though not required) for this function to return a fee that would be taken
 	/// by executive module for regular dispatch.
-	type ComputeDispatchFee: ComputeDispatchFee<Self::Call, <Self as balances::Trait>::Balance>;
+	type ComputeDispatchFee: ComputeDispatchFee<Self::Call, BalanceOf<Self>>;
+
 	/// trieid id generator
 	type TrieIdGenerator: TrieIdGenerator<Self::AccountId>;
 
 	/// Handler for the unbalanced reduction when making a gas payment.
-	type GasPayment: OnUnbalanced<balances::NegativeImbalance<Self>>;
+	type GasPayment: OnUnbalanced<NegativeImbalanceOf<Self>>;
 }
 
 /// Simple contract address determintator.
@@ -184,12 +190,12 @@ where
 /// The default dispatch fee computor computes the fee in the same way that
 /// implementation of `MakePayment` for balances module does.
 pub struct DefaultDispatchFeeComputor<T: Trait>(PhantomData<T>);
-impl<T: Trait> ComputeDispatchFee<T::Call, T::Balance> for DefaultDispatchFeeComputor<T> {
-	fn compute_dispatch_fee(call: &T::Call) -> T::Balance {
+impl<T: Trait> ComputeDispatchFee<T::Call, BalanceOf<T>> for DefaultDispatchFeeComputor<T> {
+	fn compute_dispatch_fee(call: &T::Call) -> BalanceOf<T> {
 		let encoded_len = call.using_encoded(|encoded| encoded.len());
-		let base_fee = <balances::Module<T>>::transaction_base_fee();
-		let byte_fee = <balances::Module<T>>::transaction_byte_fee();
-		base_fee + byte_fee * <T::Balance as As<u64>>::sa(encoded_len as u64)
+		let base_fee = <Module<T>>::transaction_base_fee();
+		let byte_fee = <Module<T>>::transaction_byte_fee();
+		base_fee + byte_fee * <BalanceOf<T> as As<u64>>::sa(encoded_len as u64)
 	}
 }
 
@@ -237,7 +243,7 @@ decl_module! {
 		fn call(
 			origin,
 			dest: <T::Lookup as StaticLookup>::Source,
-			#[compact] value: T::Balance,
+			#[compact] value: BalanceOf<T>,
 			#[compact] gas_limit: T::Gas,
 			data: Vec<u8>
 		) -> Result {
@@ -291,7 +297,7 @@ decl_module! {
 		///   upon any message received by this account.
 		fn create(
 			origin,
-			#[compact] endowment: T::Balance,
+			#[compact] endowment: BalanceOf<T>,
 			#[compact] gas_limit: T::Gas,
 			code_hash: CodeHash<T>,
 			data: Vec<u8>
@@ -342,7 +348,7 @@ decl_module! {
 decl_event! {
 	pub enum Event<T>
 	where
-		<T as balances::Trait>::Balance,
+		Balance = BalanceOf<T>,
 		<T as system::Trait>::AccountId,
 		<T as system::Trait>::Hash
 	{
@@ -366,14 +372,22 @@ decl_event! {
 
 decl_storage! {
 	trait Store for Module<T: Trait> as Contract {
+		/// The fee required to make a transfer.
+		TransferFee get(transfer_fee) config(): BalanceOf<T>;
+		/// The fee required to create an account.
+		CreationFee get(creation_fee) config(): BalanceOf<T>;
+		/// The fee to be paid for making a transaction; the base.
+		TransactionBaseFee get(transaction_base_fee) config(): BalanceOf<T>;
+		/// The fee to be paid for making a transaction; the per-byte portion.
+		TransactionByteFee get(transaction_byte_fee) config(): BalanceOf<T>;
 		/// The fee required to create a contract.
-		ContractFee get(contract_fee) config(): T::Balance = T::Balance::sa(21);
+		ContractFee get(contract_fee) config(): BalanceOf<T> = BalanceOf::<T>::sa(21);
 		/// The fee charged for a call into a contract.
 		CallBaseFee get(call_base_fee) config(): T::Gas = T::Gas::sa(135);
 		/// The fee charged for a create of a contract.
 		CreateBaseFee get(create_base_fee) config(): T::Gas = T::Gas::sa(175);
 		/// The price of one unit of gas.
-		GasPrice get(gas_price) config(): T::Balance = T::Balance::sa(1);
+		GasPrice get(gas_price) config(): BalanceOf<T> = BalanceOf::<T>::sa(1);
 		/// The maximum nesting level of a call/create stack.
 		MaxDepth get(max_depth) config(): u32 = 100;
 		/// The maximum amount of gas that could be expended per block.
@@ -410,11 +424,11 @@ impl<T: Trait> OnFreeBalanceZero<T::AccountId> for Module<T> {
 /// course of transaction execution.
 pub struct Config<T: Trait> {
 	pub schedule: Schedule<T::Gas>,
-	pub existential_deposit: T::Balance,
+	pub existential_deposit: BalanceOf<T>,
 	pub max_depth: u32,
-	pub contract_account_instantiate_fee: T::Balance,
-	pub account_create_fee: T::Balance,
-	pub transfer_fee: T::Balance,
+	pub contract_account_instantiate_fee: BalanceOf<T>,
+	pub account_create_fee: BalanceOf<T>,
+	pub transfer_fee: BalanceOf<T>,
 	pub call_base_fee: T::Gas,
 	pub instantiate_base_fee: T::Gas,
 }
@@ -423,11 +437,11 @@ impl<T: Trait> Config<T> {
 	fn preload() -> Config<T> {
 		Config {
 			schedule: <Module<T>>::current_schedule(),
-			existential_deposit: <balances::Module<T>>::existential_deposit(),
+			existential_deposit: T::Currency::minimum_balance(),
 			max_depth: <Module<T>>::max_depth(),
 			contract_account_instantiate_fee: <Module<T>>::contract_fee(),
-			account_create_fee: <balances::Module<T>>::creation_fee(),
-			transfer_fee: <balances::Module<T>>::transfer_fee(),
+			account_create_fee: <Module<T>>::creation_fee(),
+			transfer_fee: <Module<T>>::transfer_fee(),
 			call_base_fee: <Module<T>>::call_base_fee(),
 			instantiate_base_fee: <Module<T>>::create_base_fee(),
 		}
diff --git a/substrate/srml/contract/src/tests.rs b/substrate/srml/contract/src/tests.rs
index 2b4768a7ee..36b98098b0 100644
--- a/substrate/srml/contract/src/tests.rs
+++ b/substrate/srml/contract/src/tests.rs
@@ -96,6 +96,7 @@ impl consensus::Trait for Test {
 	type InherentOfflineReport = ();
 }
 impl Trait for Test {
+	type Currency = Balances;
 	type Call = Call;
 	type Gas = u64;
 	type DetermineContractAddress = DummyContractAddressFor;
@@ -198,6 +199,10 @@ impl ExtBuilder {
 		);
 		t.extend(
 			GenesisConfig::<Test> {
+				transaction_base_fee: 0,
+				transaction_byte_fee: 0,
+				transfer_fee: self.transfer_fee,
+				creation_fee: self.creation_fee,
 				contract_fee: 21,
 				call_base_fee: 135,
 				create_base_fee: 175,
diff --git a/substrate/srml/contract/src/wasm/runtime.rs b/substrate/srml/contract/src/wasm/runtime.rs
index 83f14cdfd7..b4a963f931 100644
--- a/substrate/srml/contract/src/wasm/runtime.rs
+++ b/substrate/srml/contract/src/wasm/runtime.rs
@@ -16,8 +16,8 @@
 
 //! Environment definition of the wasm smart-contract runtime.
 
-use crate::{Schedule, Trait, CodeHash, ComputeDispatchFee};
-use crate::exec::{Ext, BalanceOf, VmExecResult, OutputBuf, EmptyOutputBuf, CallReceipt, InstantiateReceipt};
+use crate::{Schedule, Trait, CodeHash, ComputeDispatchFee, BalanceOf};
+use crate::exec::{Ext, VmExecResult, OutputBuf, EmptyOutputBuf, CallReceipt, InstantiateReceipt};
 use crate::gas::{GasMeter, Token, GasMeterResult, approx_gas_for_balance};
 use sandbox;
 use system;
diff --git a/substrate/srml/support/src/traits.rs b/substrate/srml/support/src/traits.rs
index 9f70f13cd6..6f0435a77a 100644
--- a/substrate/srml/support/src/traits.rs
+++ b/substrate/srml/support/src/traits.rs
@@ -234,11 +234,11 @@ pub trait Currency<AccountId> {
 
 	/// The opaque token type for an imbalance. This is returned by unbalanced operations
 	/// and must be dealt with. It may be dropped but cannot be cloned.
-	type PositiveImbalance: Imbalance<Self::Balance>;
+	type PositiveImbalance: Imbalance<Self::Balance, Opposite=Self::NegativeImbalance>;
 
 	/// The opaque token type for an imbalance. This is returned by unbalanced operations
 	/// and must be dealt with. It may be dropped but cannot be cloned.
-	type NegativeImbalance: Imbalance<Self::Balance>;
+	type NegativeImbalance: Imbalance<Self::Balance, Opposite=Self::PositiveImbalance>;
 
 	// PUBLIC IMMUTABLES