The Commission has launched an initiative to facilitate the cross-border transport of euro cash.
The Commission has launched an initiative to facilitate the
cross-border transport of euro cash.
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.
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. Therefore very little cross-border land transport currently takes place.
It is, however, part of the logic of the single currency that it can circulate and be transported as freely as possible within the euro area. At the same time it is crucial that the transportation takes place under conditions that ensure a high level of protection for the staff transporting the cash and for the general public
The purpose of the White Paper is to launch a broad-based consultation process on some envisaged common rules. These rules would generally allow cross-border cash transports by road between euro-area Member States, while providing a high level of protection for the staff carrying out cash transports and for the general public.
The common rules would open up the possibility for more efficient cash transport routes in border regions. They would allow commercial banks, big retailers and other professional cash handlers to contract with the cash-in-transit (CIT) company able to provide for the most efficient (and shortest) cash pick-up and delivery circuits and to use the cash services of the nearest Central Bank branch or CIT cash center, whether in their own Member State or not. Furthermore, CIT-companies carrying out transportation in border regions would be able to plan their transport routes and other cash logistics in a more efficient manner.
In general, more efficient cash transportation would produce a benefit for the economy as a whole.
White paper on Professional cross-border transportation of euro cash by road between Member States in the euro area COM(2009)214 final
Current state of play
The White Paper is currently being discussed in a special expert group with representatives of Member States' administrations.
Responses to the White Paper
All interested parties were invited to submit their comments by 30 June 2009 to the address indicated in the White Paper. These are the responses received, with the exception of those containing sensitive business information.
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