ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (75)102
Vol.1975/9007

Disclaimer
Conformément aurèglement(CEE,Euratom)n°354/83duConseildu1erfévrier1983
concernantl'ouvertureaupublicdesarchiveshistoriquesdelaCommunauté économique
européenneetdelaCommunautéeuropéennedel'énergieatomique(JOL43du15.2.1983,
p.1),telquemodifiéparlerèglement(CE,Euratom)n°1700/2003du22septembre2003
(JOL243du27.9.2003,p.1),cedossierestouvertaupublic.Lecaséchéant,lesdocuments
classifiésprésentsdanscedossierontétédéclassifiésconformément àl'article5dudit
règlement.
InaccordancewithCouncilRegulation(EEC,Euratom)No354/83of1February1983
concerningtheopeningtothepublicofthehistoricalarchivesoftheEuropeanEconomic
CommunityandtheEuropeanAtomicEnergyCommunity(OJL43,15.2.1983,p.1),as
amendedbyRegulation(EC,Euratom)No1700/2003of22September2003(OJL243,
27.9.2003,p.1),thisfileisopentothepublic.Wherenecessary,classifieddocumentsinthis
filehavebeendeclassified inconformitywithArticle5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung(EWG,Euratom)Nr.354/83desRatesvom1.
Februar1983überdieFreigabederhistorischen ArchivederEuropäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI.L43vom15.2.1983,
S.1),geändertdurchdieVerordnung(EG,Euratom)Nr.1700/2003vom22.September2003
(ABI.L243vom27.9.2003,S.1),istdieseDateiderÖffentlichkeitzugänglich.Soweit
erforderlich,wurdendieVerschlusssachen indieserDateiinÜbereinstimmung mitArtikel5
dergenanntenVerordnungfreigegeben.

COM(75)102final
Brussels,5March1975
RECOMMANDATION FORCOUNCILDECISION
onthedefinition andconversion oftheunitofaccount
usedforexpressingamountsintheEEC-ACPLoméConvention.
(submittedbytheCommissiontotheCouncil)
COM/75/102final

EXPLANATORY MEMORANDUM
InconnectionwithArticle42oftheEEC-ACPConventionsignedinLome
on28thFebruary1975»theCommunityadopted,adeclaration ,ofwhichthe
ACPStatestooknote,inwhichitundertooktoadopt,asrapidlyaspos­
sibleandcertainlybeforethesaidConvention cameintoforce,adefi­
nitionoftheEuropeanunitofaocountinwhichalltheamountsofaid
mentionedintheConventionwouldbeexpressed.
ThisisthepurposeofthisCouncildecision,thecontentofwhichisto
becommunicated totheACPStates.
Inviewofthepresentsituationoftheinternational monetarysystem,
thechoiceofaunitofaccountraisescertainproblems•Thesystemof
goldparitieshasgraduallybeenabandonedandhasgivenwaytoasystem
ofcentralrates«Thissystemitselfhas'beenpartlydiscontinued bymost
States*
Inthesecircumstancesitisnolongerpossible,asinthepreviousEDF
touseaunitofaccountbasedonaparitygrid.Thevalueoftheunitof
accountmustratherbelinkedtoacurrency,ortheaveragevalueofsome
setofcurrencies .TheInternational MonetaryFundwasfacedwithasimilar
proMemconcerningthevaluationofSpecialDrawingRightsandthesolution
wastobasetheirvalueonastandardbasketofcurrencies .
AsolutionofthiskindbasedonabasketofEuropeancurrencieshasproved
feasibleinseveralsectorsofCommunityactivity,and»inparticular !has
metthespecificrequirements oftheEuropeanDevelopment Fund.
AdecisionoftheCouncilofGovernorsoftheEuropeanInvestment Bank
mustbemadeonthel8thMarchconcerningtheconversionratesfortheunit
ofaccountfortheBankforthevariousnationalcurrenciesespeciallyso
thatlastyear'sbalancesheetcanbeestablished .Ifthe"basket"solution
isadoptedfortheEuropeanDevelopment Fund,itwouldbeappropriateto
adoptthesamesolutionfortheEIBinitsownprocedures .

RECOMMANDATION FOR
COUNCILDECISIONEECNo....A5
onthedefinition andconversion oftheunitofaccountusedfor
expressing amountsintheEEC-ACPLomeConvention .
THECOUNCILOFTHEEUROPEAN COMMUNITIES
Havingregardtotherecommendation oftheCommission }
HavingregardtotheopinionoftheMonetaryCommitteeof4"thMarch1975»
WhereasatthesigningoftheEEC-ACPLomeConventionon28thFebruary
1975"theCommunitydeclaredthattheCouncilshouldhavetherightto
decideonadefinitionforaEuropeanunitofacoountforapplication
intheConvention
Whereastheunitofaccounthasbeenconstructed soastohaveaninital
valueon28June1974thatcorrespondstothevaluefixed "bythe
International MonetaryFundfortheSDR.
Whereastheunitofaccountmustrepresentanaveragevalueoftheevolution
ofthecurrenciesoftheCommunity,toassuretheACPstatethatthe
amountofaidwillbelinkedtotheaverageperformance ofthecurrencies
oftheMemberStates

HASADOPTEDTHISDECISION
Article1
TheamountsgivenintheEEC-ACPLomeConventionorusedinthe
application ofthisConventionareexpressedinunitsofaccountwhich
aremadeupofabasketofcurrenciesoftheMemberStatesoftheEuro­
peanCommunities .
Thisunitofaccountisdefinedasthesumofthefollowingamounts
inMemberStatescurrencies :
DM 0.828 HF1 0.286
hster0.0885 ®«Fr 3.66
FF1.15 LuxFr0.I4
Lit109 Dkr 0.217
Irish&O.OO759
Article2
Thevalueoftheunitofaccountinanationalcurrencyisequal
tothesumoftheequivalentsinthatcurrencyoftheseamounts.Itis
calculatedbytheCommissionusingdailymarketexchangerates.
Dailyvaluesoftheunitofaccountinvariousnationalcurrencies
willbemadeavailable,andwillbepublishedperiodicallyintheOfficial
Journalofthe'EuropeanCommunities .