NoL256/16 OfficialJournaloftheEuropeanCommunities 14.10.93
COMMISSION REGULATION (EEC)No2811/93
of13October 1993
adjustingcertainagricultural conversion ratestopreventtheriskofdisturbances
ofthemarket
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,advanceshallbeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable forthecurrencyconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich .
replacestheagricultural conversion ratefixedinadvance
shouldbespecified ,HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
common agricultural policy('),andinparticular
Article11(2)thereof,
HASADOPTED THISREGULATION :Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EEC)No2422/93(2);whereas
thoserateshaveremained unchanged pursuant to
Commission Regulation (EEC)No2711/93of
30September 1993derogating ,foralimitedperiod,from
theprovisions forsystematic adjustment oftheagricul­
turalconversion rates(3);Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.
Article2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .Whereasowingtomonetarydevelopments andthesitua­
tiononthevariousmarkets,trademaybedeflectedasa
resultofthegapsthathavearisen,inparticular ,between :
ontheonehand,theBelgianorLuxembourg francand
theDutchguilderorGermanmarkand,
ontheotherhand,theItalianliraorGreekdrachmaand
theSpanishpeseta;
Whereas,inordertopreventsuchdisturbances ofthe
market,whileatthesametimerespecting theobjectiveof
Regulation (EEC)No2711/93,theagricultural conversion
ratesshouldbeadjustedinsuchawayastoreducethe
monetary gapsbetweenthemandtherepresentative
marketratecalculated onthebasisoftheperiodfrom11
to13October1993;whereas,inviewoftheeconomic
riskswhichexist,itwouldappearappropriate toreduce
thegapsbyahalffortheBelgianorLuxembourg franc
andto—2.0pointsfortheItalianliraandtheGreek
drachma ;Article3
Regulation (EEC)No2422/93isherebyrepealed.
WhereasArticle15(3)ofCommission Regulation (EEC)
No1068/93of30April1993ondetailedrulesfordeter­
miningandapplyingtheagricultural conversion rates(4)
providesthatanagricultural conversion ratefixedin Article4
ThisRegulation shallenterintoforceonthedayofits
publication intheOfficialJournaloftheEuropean
Communities .OOJNoL387,31.12.1992,p.1.
(2)OJNoL222,1.9.1993,p.40.
(3)OJNoL245,1.10.1993,p.134.
(4)OJNoL108,1.5.1993,p.106.

14.10.93 OfficialJournaloftheEuropeanCommunities NoL256/17
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,13October1993.
FortheCommission
ReneSTEICHEN
MemberoftheCommission

NoL256/18 OfficialJournaloftheEuropeanCommunities 14.10.93
ANNEXI
Agricultural conversion rates
ECU1=49,3070
9,34812
2,35418
328,567
190,382
7,98191
0,976426
2222,98
2,65256
236,933
0,920969Belgianand
Luxembourg francs
Danishkroner
Germanmarks
Greekdrachmas
Spanishpesetas
Frenchfrancs
Irishpunt
Italianlire
Dutchguilders
Portuguese escudos
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1—47,4106 Belgianarid ECU1=51,3615 Belgianand
Luxembourg francs Luxembourg francs
8,98858 Danishkroner 9,73763 Danishkroner
2,26363 Germanmarks 2,45227 Germanmarks
315,930 Greekdrachmas 342,257 Greekdrachmas
183,060 Spanishpesetas 198,315 Spanishpesetas
7,67491 Frenchfrancs 8,31449 Frenchfrancs
0,938871 Irishpunt 1,01711 Irishpunt
2137,48 Italianlire 2315,60 Italianlire
2,55054 Dutchguilders 2,76308 Dutchguilders
227,820 Portuguese escudos 246,805 Portuguese escudos
0,885547 Poundsterling 0,959343 Poundsterling