NoL283/46 OfficialJournaloftheEuropeanCommunities 28.9.92
COMMISSION REGULATION (EEC)No2777/92
of24September 1992
fixingtherepresentative marketratestobeappliedforcertainamountsinthecontextof
thecommonagricultural policyand,inparticular ,forthecalculation ofthemonetary
compensatory amountsandtheagricultural conversion ratesforthepigmeatsectorin
ItalyandtheUnitedKingdom
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,theconversion intoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle6aofRegu­
lation(EEC)No1677/85andwithoutprejudiceto
Article7(2)ofCommission Regulation (EEC)No
3578/88of17November 1988layingdowndetailed
rulesfortheapplication ofthesystemfortheautomatic
dismantlement ofnegativemonetary compensatory
amounts('),aslastamendedbyRegulation (EEC)No
3137/91(,0),thoseratesaretobetheagricultural
conversion ratesapplyingtopigmeat;whereas,pursuant
toArticle2(4)ofCouncilRegulation (EEC)No
1676/85(n),aslastamendedbyRegulation (EEC)No
2205/90,thoseratesarealsotobeusedforthe
conversion ofcertainotheragricultural amounts ;
whereastheratesinquestionshouldbefixedtomakeit
easiertousethem;HavingregardtoCouncilRegulation (EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture ('),aslastamendedbyRegu­
lation(EEC)No2205/90(2),andinparticular
Article9(1)thereof,
HASADOPTED THISREGULATION : Whereas themonetary compensatory amounts
introduced byRegulation (EEC)No1677/85werefixed
byCommission Regulation (EEC)No1641/91(J),as
lastamendedbyRegulation (EEC)No2776/92(4),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommission Regulation (EEC)No3153/85
of11November 1985layingdowndetailedrulesforthe
calculation ofmonetarycompensatory amounts (5),as
lastamendedbyRegulation (EEC)No3672/89(6);Article1
Therepresentative marketratesreferredtoinArticle3a
ofRegulation (EEC)No3152/85,tobeappliedfor
certainamountsinthecontextofthecommonagri­
culturalpolicyandusedtofixor,whereappropriate ,to
adjustthemonetarycompensatory amounts,aresetout
intheAnnexhereto.
Article2
Theagricultural conversion ratesforthepigmeatsector
isfixed
—inItalyatECU1=1931,48Italianlira
—intheUnitedKingdomatECU1=0,874575pound
sterling .Whereas ,inaccordance withArticle3aofCommission
Regulation (EEC)No3152/85of11November 1985
layingdowndetailedrulesfortheapplication ofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversion ratestobeappliedforthe
purposesofthecommonagricultural policy(7),aslast
amended byRegulation (EEC)No3237/90(*),the
ratesusedtofixor,whereappropriate ,adjustthe
monetarycompensatory amounts ,fromthistimeforth
definedasrepresentative marketrates,aretobeusedfor
Article3
ThisRegulation shallenterintoforceon28September
1992.OOJNoL164,24.6.1985,p.6.
OOJNoL201,31.7.1990,p.9.
OOJNoL153,17.6.1991,p.1.
OSeepage1ofthisOfficialJournal .
(s)OJNoL310,21.11.1985,p.4.
(«)OJNoL358,8.12.1989,p.28.
(')OJNoL310,21.11.1985,p.1.
(«)OJNoL310,9.11.1990,p.18.OOJNoL312,18.11.1988,p.16.
HOJNoL297,29.10.1991,p.17.
(")OJNoL164,24.6.1985,p.1.

28.9.92 OfficialJournaloftheEuropeanCommunities NoL283/47
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,24September 1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission

NoL283/48 OfficialJournaloftheEuropeanCommunities 28.9.92
ANNEX
Conversion ratesusedforthecalculation ofmonetarycompensatory amountsandtobeappliedfor
certainamountsintheagricultural sector
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,50700 53,9301 55,2545 48,5563
Dkr 0,463639 9,97370 10,2186 8,97989
DM 0,121548 2,61472 2,67893 2,35418
FF 0,407657 8,76944 8,98480 7,89563
F1 0,136954 2,94612 3,01847 2,65256
£Irl 0,0453719 0,976031 — 0,878776
£ 0,0464861 — 1,02456 0,900357
Lit — 2151,18 2204,01 1936,83
Dr 15,0062 322,810 330,737 290,644
Esc 10,2954 221,472 226,911 199,404
Pta 8,35954 179,829 184,245 161,910