NoL345/49 26.11.92 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No3390/92
of25November 1992
firingtherepresentative marketratestobeappliedforcertainamountsindiecontextof
thecommonagricultural policyand,inparticular,forthecalculation ofthemonetary
compensatory amountsandtheagricultural conversion ratesforthepigmeatsectorin
SpainandtheUnitedKingdom
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,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("),thoseratesaretobetheagricultural
conversion ratesapplyingtopigmeat;whereas,pursuant
toArticle2(4)ofCouncilRegulation (EEC)No
1676/85("),aslastamendedbyRegulation (EEC)No
2205/90,thoseratesarealsotobeusedforthe
conversion ofcertainotheragricultural amounts;
whereastheratesinquestionshouldbefixedtomakeit
easiertousethem;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordance withtheopinionoftherelevant
management committees ,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(3),as
lastamendedbyRegulation (EEC)No3389(4),onthe
basisofthecentralratesand,forcertainMemberStates,
onthebasisoftheexchangeratesreferredtoinArticle3
ofCommission Regulation (EEC)No3153/85of11
November 1985layingdowndetailedrulesforthecalcu­
lationofmonetarycompensatory amounts('),aslast
amendedbyRegulation (EEC)No3672/89(*);Article1
Therepresentative marketratesreferredtoinArticle3a
ofRegulation (EEC)No3152/85,tobeappliedfor
certainamountsinthecontextofthecommonagri­
culturalpolicyandusedtofixor,whereappropriate ,to
adjustthemonetarycompensatory amounts,aresetput
intheAnnexhereto.
Article2
Theagricultural conversion ratesforthepigmeatsector
isfixed:
—inSpainatECU1—Spanishpeseta165,993,
—intheUnitedKingdomatECU1=£0,960016 .Whereas,inaccordance withArticle3aofCommission
Regulation (EEC)No3152/85of11November 1985
layingdowndetailedrulesfortheapplication ofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversion ratestobeappliedforthe
purposesofthecommonagricultural policy(7),aslast
amendedbyRegulation (EEC)No3237/90(*),the
ratesusedtofixor,whereappropriate ,adjustthe
monetarycompensatory amounts,fromthistimeforth
definedasrepresentative marketrates,aretobeusedfor
theconversion intoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa Article3
ThisRegulation shallenterintoforceon26November
1992.C)ojNoL164,24.6.1985,p.6.
OOJNoL201,31.7.1990,p.9.
OOJNoL153,17.6.1991,p.1.
(4)Seepage1ofthisOfficialJournal .
C)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.(')OJN6L312,18.11.1988,p.16.
(,0)OJNoL297,29.10.1991,p.17.
(")OJNoL164,24.6.1985,p.1.

NoL345/50 OfficialJournaloftheEuropeanCommunities 26.11.92
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,25November 1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission

26.11.92 OfficialJournaloftheEuropeanCommunities NoL345/51
ANNEX
Conversion ratesusedforthecalculationofmonetarycompensatory amountsandtobeappliedfor
certainamountsintheagricultural sector
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,38936 50,3085 55,2545 48,5563
Dkr 0,441882 9,30394 10,2186 8,97989
DM 0,115844 2,43913 2,67893 2,35418
FF 0,388528 8,18055 8,98480 7,89563
F1 0,130527 2,74828 3,01847 2,65256
£Irl 0,0432428 0,910487 — 0,878776
£ 0,0474941 — 1,09831 0,965171
Lit — 2105,52 2312,52 2032,19
Dr 15,0320 316,501 347,618 305,478
Esc 10,3102 217,084 238,426 209,523
Pta 8,36546 176,137 193,453 170,002