29.6.90 OfficialJournaloftheEuropeanCommunities NoL165/49
COMMISSION REGULATION (EEC)No1770/90
of28June1990
fixingtheconversionratesusedforthecalculationofmonetarycompensatoryamounts
andtobeappliedforcertainamountsintheagriculturalsector
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesfortheapplicationofthesystemfortheautomatic
dismantlement ofnegativemonetarycompensatory
amounts('),aslastamendedbyRegulation(EEC)No
747/90O,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(3),aslastamendedbyRegulation
(EEC)No1889/87(4),andinparticularArticle12
thereof,
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85arefixed
byCommissionRegulation(EEC)No1207/90(5),as
lastamendedbyRegulation(EEC)No1769/90(6),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatory amounts(7),as
lastamendedbyRegulation(EEC)No3672/89(8);
Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofRegu­lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy('),aslast
amendedbyRegulation(EEC)No2300/89(10),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatory amountsaretobe,usedforthe
conversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle2(4)of
CouncilRegulation (EEC)No1676/85("),aslast
amendedbyRegulation(EEC)No1636/87(n),those
ratesarealsotobeusedfortheconversionofcertain
otheragriculturalamounts;whereastheratesinquestion
shouldbefixedtomakeiteasiertousethem;
WhereasthemeasuresprovidedforinthisRegulation
arexinaccordancewiththeopinionoftherelevant
managementcommittees,
HASADOPTEDTHISREGULATION :
Article1
Theconversionratesusedtofixor,whereappropriate,
toadjustthemonetarycompensatory amounts,as
referredtoinArticle3aofRegulation(EEC)No
3152/85,shallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1July1990.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28June1990.
FortheCommission
RayMACSHARRY
MemberoftheCommission
')OJNoL312,18.11.1988,p.16.
2)OJNoL82,29.3.1990,p.24.
')OJNoL164,24.6.1985,p.6.
4)OJNoL182,3.7.1987,p.1.
5)OJNoL122,14.5.1990,p.1.
6)Seepage1ofthisOfficialJournal.
0OJNoL310,21.11.1985,p.4.
•)OJNoL358,8.12.1989,p.28.OOJNoL310,21.11.1985,p.1.
HOJNoL220,29.7.1989,p.8.
(")OJNoL164,24.6.1985,p.1.
(")OJNoL153,13.6.1987,p.1.

NoL165/50 OfficialJournaloftheEuropeanCommunities 29.6.90
ANNEX
Conversionratesusedforthecalculationofmonetarycompensatoryamountsandtobeappliedfor
certainamountsintheagriculturalsector
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,75662 59,5503 55,2545 48,2868
Dkr 0,509804 11,0131 10,2187 8,93008
DM 0,133651 2,88723 2,67895 2,34113
FF 0,448248 9,68337 8,98483 7,85183
F1 0,150591 3,25316 3,01849 2,63785
£Irl 0,0498895 1,07775— 0,873900
£ 0,0462910— 0,927860 0,810857
Lit — 2160,27 2004,43 1751,67
Dr 13,1259 283,554 263,099 229,922
Esc 11,7765 254,404 236,051 206,285
Pta 8,26012 178,441 165,568 144,690