26.02.2010 - The Commission has launched an external study to estimate the potential for cross-border transport of euro cash in the euro area.
Due to strong differences between national legislations it is in practice very difficult to transport euro cash by road between euro-area Member States on a professional basis and thus very little cross-border land transport currently takes place.
The Commission, therefore, on 18 May 2009 launched an initiative to facilitate the cross-border transport of euro cash.
In order to provide input for the assessment of the impact of a Commission legislative proposal in this area, an external contractor was asked to estimate the size of the potential market for cross-border transport of euro cash. The study finds that, overall, there is a long-term potential for some 77 000 cross-border transports per year between the 11 euro-area countries covered by the study, which is a large increase compared to the current situation.
Current state of play of the Commission's initiative to facilitate
the cross-border transport of euro cash
Following discussions with stakeholders in the sector, the Commission adopted on 18 May 2009 a White Paper on professional cross-border transportation of euro cash by road between Member States in the euro area. The purpose of the White Paper was to launch a broad-based consultation process on some envisaged common rules. These rules were subsequently discussed in a special expert group with representatives of Member States' administrations, which held its last meeting at the end of 2009. The next step is the adoption of a formal Commission proposal.