7.1.91 OfficialJournaloftheEuropeanCommunities NoL4/47
COMMISSION REGULATION (EEC)No20/91
of3January1991
fixingthemarketconversionratestobeappliedforcertainamountsinthecontextofthe
commonagriculturalpolicyand,inparticular,forthecalculationofthemonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(x),aslastamendedbyRegulation
(EECyNo2205/90(2),andinparticularArticle9(2)
thereof,
HavingregardtoCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesfortheapplicationofthesystemfortheautomatic
dismantlement ofnegativemonetarycompensatory
amounts(3),aslastamendedbyRegulation(EEC)No
3219/90(4),andinparticularArticle7thereof,
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85arefixed
byCommissionRegulation(EEC)No1207/90(5),as
lastamendedbyRegulation(EEC)No19/91(&),onthe
basisofthecentralratesand,forcertainMemberStates,
onthebasisoftheexchangeratesreferredtoinArticle3
ofCommissionRegulation(EEC)No3153/85of
11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatory amounts(7),as
lastamendedbyRegulation(EEC)No3672/89(*);
Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985layingdowndetailedrulesfortheapplicationofRegu­
lation(EEC)No1676/85cmthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy('),aslast
amendedbyRegulation(EEC)No3237/90(10),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatory amounts,fromthistimeforth
definedasmarketconversionrates,aretobeusedfor
theconversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle2(4)of
CouncilRegulation(EEC)No1676/85("),aslast
amendedbyRegulation(EEC)No2205/90,thoserates
arealsotobeusedfortheconversionofcertainother
agriculturalamounts;whereastheratesinquestion
shouldbefixedtomakeiteasiertousethem,
HASADOPTEDTHISREGULATION :
Article1
ThemarketconversionratesreferredtoinArticle3aof
Regulation(EEC)No3152/85,tobeappliedforcertain
amountsinthecontextofthecommonagricultural
policyandusedtofixor,whereappropriate,toadjust
themonetarycompensatoryamounts,shallbesetoutin
theAnnexhereto.
Article2
ThisRegulationshallenterintoforceon7January1991.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,3January1991.
FortheCommission
RayMACSHARRY
MemberoftheCommission
')OJNoL164,24.6.1985,p.6.
*)OJNoL201,31.7.1990,p.9.
»)OJNoL312,18.11.1988,p.16.
4)OJNoL308,8.11.1990,p.21.
')OJNoL122,14.5.1990,p.1.
')Seepage1ofthisOfficialJournal.
7)OJNoL310,21.11.1985,p.4.
•)OJNoL358,8.12.1989,p.28.OOJNoL310,21.11.1985,p.1.
HOJNoL310,9.11.1990,p.18.
(")OJNoL164,24.6.1985,p.1.

NoL4/48 OfficialJournaloftheEuropeanCommunities 7.1.91
ANNEX
Marketconversionratestobeappliedforcertainamountsinthecontextofthecommonagricultural
policyand,inparticular,forthecalculationofthemonetarycompensatoryamounts
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs
Dkr,
DM
FF
F1
£Irl
£
Lit
Dr
Esc
Pta2,75661
0,509801
0,133650
0,448246
0,150590
0,0498894
0,0460354
13,8832
11,7991
8,4715459,8802
11,0741
2,90320
9,73698
3,27117
1,08372
2172,24
301,576
256,306
184,02255,2545
10,2186
2,67893
8,98480
3,01847
'0,922751
2004,44
278,279
236,506
169,80748,5563
8,97989
2,35418
7,89563
2,65256
0,878776
0,810891
1761,45
244,545
207,836
149,222