NoL218/44 OfficialJournaloftheEuropeanCommunities 13.8.90
COMMISSION REGULATION (EEC)No2346/90
of9August1990
fixingtheconversionratesusedforthecalculationofmonetarycompensatoryamounts
andtobeappliedforcertainamountsintheagriculturalsector
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation (EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(x),aslastamendedbyRegulation
(EEC)No2205/90(2),andinparticularArticle9(2)
thereof,
HavingregardtoCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesfortheapplicationofthesystemfortheautomatic
dismantlement ofnegativemonetarycompensatory
amounts(3),aslastamendedbyRegulation(EEC)No
1848/90(4),
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85arefixed
byCommissionRegulation(EEC)No1207/90(5),as
lastamendedbyRegulation(EEC)No2345/90(6),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatory amounts(7),as
lastamendedbyRegulation(EEC)No3672/89(');Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy('),aslast
amendedbyRegulation(EEC)No2300/89(10),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatory amountsaretobeusedforthe
conversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle2(4)of
CouncilRegulation(EEC)No1676/85("),aslast
amendedbyRegulation(EEC)No2205/90,thoserates
arealsotoheusedfortheconversionofcertainother
agriculturalamounts;whereastheratesinquestion
shouldbefixedtomakeiteasiertousethem,
HASADOPTEDTHISREGULATION :
Article1
Theconversionratesusedtofixor,whereappropriate,
toadjustthemonetarycompensatory amounts,as
referredtoinArticle3aofRegulation(EEC)No
3152/85,shallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon13August
1990.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,9August1990.
FortheCommission
RayMACSHARRY
MemberoftheCommission
•):OJNoL164,24.6.1985,p.6;
2)OJNoL201,31.7.1990,p.9.
J)OJNoL312,18,11.1988,p.16.
4)OJNoL168,30.6.1990,p.34.
5)OJNoLI22,14.5.1990,p.1.
')Seepage1ofthisOfficialJournal .
')OJNoL310,21.11.1985,p.4.
')OJNoL358,8.12.1989,p.28.(')OJNoL310,21.11.1985,p.1.
(10)OJNoL220,29.7.1989,p.8.
(")OJNoL164,24.6.1985,p.1.

13.8.90 OfficialJournaloftheEuropeanCommunities NoL218/45
ANNEX
Conversionratesusedforthecalculationofmonetarycompensatoryamountsandtobeappliedfor
certainamountsintheagriculturalsector
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs
Dkr
DM
FF
F1
£Irl
£
Lit
Dr
Esc
Pta2,75662
0,509804
0,133651
0,448248
0,150591
0,0498895
0,0453490
13,1909
11,7765 v
8,2524160,7866
11,2418
2,94717
9,88440
3,32070
1,10012
2205,12
290,875
259,685
181,97555,2545
10,2187
2,67895
8,98483
3,01849
0,908990
2004,43
264,402
236,051
165,41448,2868
8,93008
2,34113
7,85183
2,63785
0,873900
0,794366
1751,67
231,061
206,285
144,555