16.07.2010 - The regulation will ensure that euro banknotes and coins can be easily and safely transported across national borders within the euro area.
The Commission on 14 July adopted a proposal for an EU Regulation on the professional cross-border transportation of euro cash by road between euro-area Member States. After more than eight years since the introduction of euro banknotes and coins, the Commission finds it is high time to make sure that euro cash can be easily and safely transported across national borders within the euro area.
Due to strong differences between national legislations it is very difficult to transport euro banknotes and coins by road between euro-area Member States on a professional basis and very little such transportation therefore takes place. This is contrary to the principle of a single currency - euro banknotes and coins should be able to circulate and be transported as freely as possible within the euro area.
To facilitate cross-border transportation of euro cash within the euro area by replacing the different national rules by a set of common EU rules for professional cross-border cash transports by road. Domestic transports of euro cash will not be affected.
In addition, a separate proposal will extend the scope of the rules to the territory of Member States that have not yet adopted the euro as from the date when the Council decides that they are allowed to introduce the euro, that is to say from around six months before the changeover.
The adopted Commission proposal must now be adopted by the European Parliament and the Council in order to enter into force.