NoL329/41 2.12.91 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No3447/91
of28November1991
fixingtherepresentativemarketratestobeappliedforcertainamountsinthecontextof
thecommonagriculturalpolicyand,inparticular,forthecalculationofthemonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(*),aslastamendedbyRegu­
lation(EEC)No2205/90(*),andinparticular
Article9thereof, '
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85werefixed
byCommissionRegulation(EEC)No1641/91(J),as
lastamendedbyRegulation(EEC)No3446/91(4),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatoryamounts('),as
lastamendedbyRegulation(EEC)No3672/89(*);
Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy(7),aslast
amendedbyRegulation(EEC)No3237/90(*),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatory amounts,fromthistimeforth
definedasrepresentativemarketrates,aretobeusedfortheconversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle6aofRegu­
lation(EEC)No1677/85andwithoutprejudiceto
Article7(2)ofCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesfortheapplicationofthesystemfortheautomatic
dismantlement ofnegativemonetarycompensatory
amounts('),aslastamendedbyRegulation(EEC)No
3137/91(10),thoseratesaretobetheagricultural
conversionratesapplyingtopigmeat;whereas,pursuant
toArticle2(4)ofCouncilRegulation(EEC)No
1676/85("),aslastamendedbyRegulation(EEC)No
2205/90,thoseratesarealsotobeusedforthe
conversionofcertainotheragriculturalamounts;
whereastheratesinquestionshouldbefixedtomakeit
easiertousethem,
HASADOPTEDTHISREGULATION :
Article1
TherepresentativemarketratesreferredtoinArticle3a
ofRegulation(EEC)No3152/85,tobeappliedfor
certainamountsinthecontextofthecommonagri­
culturalpolicyandusedtofixor,whereappropriate,to
adjustthemonetarycompensatoryamounts,aresetout
intheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon2December
1991.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28November1991.
FortheCommission
RayMACSHARRY
MemberoftheCommission
C)OJNoL164,24.6.1985,p.6.
(2)OJNoL201,31.7.1990,p.9.
C)OJNoL153,17.6.1991,p.1.
(4)Seepage1ofthisOfficialJournal.
(')OJNoL310,21.11.1985,p.4.
0)OJNoL358,8.12.1989,p.28.
OOJNoL310,21.11.1985,p.1.
(•)OJNoL310,9.11.1990,p.18.OOJNoL312,18.11.1988,p.16.
OOJNoL297,29.10.1991,p.17.
(")OJNoL164,24.6.1985,p.1.

NoL329/42 OfficialJournaloftheEuropeanCommunities 2.12.91
ANNEX
Representativemarketratestobeappliedforcertainamountsinthecontextofthecommonagricul­turalpolicyand,inparticular,forthecalculationofthemonetarycompensatoryamounts
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,75661 59,5524 55,2545 48,5563
Dkr 0,509801 11,0135 10,2186 8,97989
DM 0,133650 2,88731 2,67893 2,35418
FF 0,448246 9,68368 8,98480 7,89563
F1 0,150590 3,25326 3,01847 2,65256
£Irl 0,0498894 1,07778— 0,878776
£ 0,0462888— 0,927829 0,815354
Lit — 2160,35 2004,44 1761,45
Dr 15,0387 324,888 301,441 264,899
Esc 11,6786 252,299 234,090 205,713
Pta 8,37401 180,908 167,852 147,504