NoL280/42 OfficialJournaloftheEuropeanCommunities 11.10.90
COMMISSION REGULATION (EEC)No2932/90
of10October1990
fixingthemarketconversionratestobeappliedforcertainamountsinthecontextofthe
commonagriculturalpolicyand,inparticular,forthecalculationofthemonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture('),aslastamendedbyRegulation
(EEC)No2205/90(J),andinparticularArticle12
thereof,
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85arefixed
byCommissionRegulation(EEC)No1207/90(J),as
lastamendedbyRegulation(EEC)No2931/90(4),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatoryamounts('),as
lastamendedbyRegulation(EEC)No3672/89(');
Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy(7),aslast
amendedbyRegulation(EEC)No2300/89(*),therates
usedtofixor,whereappropriate,adjustthemonetarycompensatoryamounts,fromthistimeforthdefinedas
marketconversionrates,aretobeusedforthe
conversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle2(4)of
CouncilRegulation(EEC)No1676/85(*),aslast
amendedbyRegulation(EEC)No2205/90,thoserates
arealsotobeusedfortheconversionofcertainother
agriculturalamounts;whereastheratesinquestion
shouldbefixedtomakeiteasiertousethem;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionsoftherelevant
managementcommittees,
HASADOPTEDTHISREGULATION :
Article1
ThemarketconversionratesreferredtoinArticle3aof
Regulation(EEC)No3152/85,tobeappliedforcertain
amountsinthecontextofthecommonagricultural
policyandusedtofixor,whereappropriate,toadjust
themonetarycompensatoryamounts,shallbesetoutin
theAnnexhereto.
Article2
ThisRegulationshallenterintoforceon11October
1990.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,10October1990.
FortheCommission
RayMACSHARRY
MemberoftheCommission
1)OJNoL164,24.6.1985,p.6.
*)OJNoL201,31.7.1990,p.9.
')OJNoL122,14.5.1990,p.1.
4)Seepage1ofthisOfficialJournal.
')OJNoL310,21.11.1985,p.4.
4)OJNoL358,8.12.1989,p.28.
7)OJNoL310,21.11.1985,p.1.
•)OJNoL220,29.7.1989,p'.8. oOJNoL164,24.6.1985,p.1.

11.10.90 OfficialJournaloftheEuropeanCommunities NoL280/43
ANNEX
Marketconversionratestobeappliedforcertainamountsinthecontextofthecommonagricultural
policyand,inparticular,forthecalculationofthemonetarycompensatoryamounts
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,75662 62,0212 55,2545 48,5563
Dkr 0,509804 11,4701 10,2187 8,97989
DM 0,133651 3,00701 2,67895 2,35418
FF 0,448248 10,0851 8,98483 7,89563
F1 0,150591 3,38813 3,01849 2,65256
£Irl 0,0498895 1,12247— 0,878776
£ 0,0444460_ 0,890896 0,782898
Lit — 2249,91 2004,43 1761,45
Dr 13,4122 301,763 268,840 236,250
Esc 11,8468 266,543 237,462 208,676
Pta 8,44571 190,021 169,289 148,767