NoL226/38 OfficialJournaloftheEuropeanCommunities 10.8.92
COMMISSION REGULATION (EEC)No2304/92
of6August1992
fixingtherepresentativemarketratestobeappliedforcertainamountsinthecontextof
thecommonagriculturalpolicyand,inparticular,forthecalculationofthemonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(*),aslastamendedbyRegu­
lation(EEC)No2205/90(2),andinparticular
Articles9and6athereof,
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85werefixed
byCommissionRegulation(EEC)No1641/91(}),as
lastamendedbyRegulation(EEC)No2303/92(4),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatory amounts(s),as
lastamendedbyRegulation(EEC)No3672/89(6);
Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy(7),aslast
amendedbyRegulation(EEC)No3237/90(*),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatoryamounts,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(l0),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
adjustthemonetarycompensatory amounts,aresetout
intheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon10August
1992.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,6August1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission
oÓJNoL164,24.6.1985,p.6.
OOJNoL201,31.7.1990,p.9.
(3)OJNoL153,17.6.1991,p.1.
(4)Seepage1ofthisOfficialJournal.
OOJNoL310,21.11.1985,p.4.
0)OJNoL358,8.12.1989,p.28.
OOJNoL310,21.11.1985,p.1.
OOJNoL310,9.11.1990,p.18.OOJNoL312,18.11.1988,p.16.
(,0)OJNoL297,29.10.1991,p.17.
(")OJNoL164,24.6.1985,p.1.

10.8.92 OfficialJournaloftheEuropeanCommunities NoL226/39
ANNEX
Conversionratesusedforthecalculationofmonetarycompensatoryamountsandtobeappliedfor
certainamountsintheagriculturalsector
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,75661 59,4497 55,2545 48,5563
Dkr 0,509801 10,9945 10,2186 8,97989
DM 0,133650 2,88233 2,67893 2,35418
FF 0,448246 9,66698 8,98480 7,89563
F1 0,150590 3,24765 3,01847 2,65256
£Irl 0,0498894 1,07593 — 0,878776
£ 0,0463688— 0,929433 0,816763
Lit — 2156,62 2004,44 1761,45
Dr 16,1971 349,311 324,661 285,304
Esc 11,2446 242,504 225,391 198,068
Pta 8,44747 182,180 169,324 148,798