Press Release: European Commission adopts a proposal for an EU Regulation to facilitate professional cross-border transportation of euro cash by road

The European Commission has adopted a proposal for an EU Regulation to lift regulatory obstacles to professional cross-border transportation of euro cash by road between euro-area Member States.

Professional transportation of euro cash between Member States within the euro area is still governed by national laws. Due to the strong differences between national legislations in this area it is generally very difficult to transport euro banknotes and coins across borders on a professional basis and very little cross-border land transportation therefore takes place. That euro banknotes and coins cannot circulate and be transported as freely as possible within the euro area goes against the logic of the single currency.

After extensive consultations with stakeholders and Member States' experts, the Commission is putting forward a proposal for a set of common EU rules that will apply to all professional cross-border transports of euro cash by road. National rules will remain in force for domestic transports of euro cash.

European Commission: Memo/10/333: Q&A on the proposal for an EU Regulation to facilitate professional cross-border transportation of euro cash by road between euro-area Member States http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/333&format=HTML&aged=0&language=EN&guiLanguage=en

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