23.4.90 OfficialJournaloftheEuropeanCommunities NoL103/1
I
(Actswhosepublicationisobligatory)
COMMISSION REGULATION (EEC)No977/90
of19April1990
flyingtheconversionratesusedforthecalculationofmonetarycompensatoryamounts
andtobeappliedforcertainamountsintheagriculturalsector
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(x),aslastamendedbyRegulation
(EEC)No1889/87(2),andinparticularArticle9(2)
thereof,
HavingregardtoCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesforthe.applicationofthesystemfortheautomatic
dismantiement ofnegativemonetarycompensatory
amounts(*),aslastamendedbyRegulation(EEC)No
747/90(4),
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85werefixed
byCommissionRegulation(EEC)No1876/89(5),as
lastamendedbyRegulation(EEC)No957/89(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
monetarycompensatoryamountsaretobeusedforthe
conversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle2(4)of
CouncilRegulation(EEC)No1676/85(u)>aslast
amendedbyRegulation(EEC)No982/90("),those
ratesarealsotobeusedfortheconversionofcertain
otheragriculturalamounts;whereastheratesinquestion
shouldbefixedtomakeiteasiertousethem,
HASADOPTEDTHISREGULATION :
Article1
Theconversionratesusedtofixor,whereappropriate,
toadjustthemonetarycompensatory amounts,as
referredtoinArticle3aofRegulation(EEC)No
3152/85,shallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon23April1990.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,19April1990.
FortheCommission
RayMACSHARRY
MemberoftheCommission
1)OJNoL164,24.6.1985,p.6.
2)OJNoL182,3.7.1987,p.1.
3)OJNoL312,18.11.1988,p.16.
4)OJNoL82,29.3.1990,p.24.
*)OJNoL188,1.7.1989,p.1.
6)OJNoL97,16.4.1990,p.1.
7)OJNoL310,21.11.1985,p.4.
»)OJNoL358,8.12.1989,p.28.OOJNoL310,21.11.1985,p.1.
(10)OJNoL220,29.7.1989,p.8.
(")OJNoL164,24.6.1985,p.1.
(")OJNoL100,20.4.1990,p.8.

NoL103/2 OfficialJournaloftheEuropeanCommunities 23.4.90
ANNEX
Conversionratesusedforthecalculationofmonetarycompensatoryamountsandtobeappliedfor
certainamountsintheagriculturalsector
Lit100i
£1 £Irl1 ECU1
Bfrs/Lfrs 2,75662 56,5678 55,2545 48,2868
Dkr 0,509804 10,4615 10,2187 8,93008
DM 0,133651 2,74262 2,67895 2,34113
FF 0,448248 9,19838 8,98483 7,85183
F1 0,150591 3,09023 3,01849 2,63785
£Irl 0,0498895 1,02377— 0,873900
£ 0,0487310— 0,976782 0,853610
Lit — 2052,07 2004,43 1751,67
Dr 12,9947 266,662 260,470 227,625
Ese 11,8117 242,385 236,757 206,902
Pta 8,56457 175,751 171,671 150,023