Commission Regulation (EC) No 677/2001 of 2 April 2001 fixing, for March 2001, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector
Date: 2001-04-02
Institutions: European Commission
Subjects: Denmark, Sweden, United Kingdom, exchange rate, storage cost, sugar

L 93/36

EN

Official Journal of the European Communities

3.4.2001

COMMISSION REGULATION (EC) No 677/2001

of 2 April 2001

fixing, for March 2001, the specific exchange rate for the amount of the reimbursement of storage
costs in the sugar sector

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EC) No 2038/1999 of 13
September 1999 on the common organisation of the markets
in the sugar sector (1), as amended by Commission Regulation
(EC) No 1527/2000 (2),

Having regard to Council Regulation (EC) No 2799/98 of 15
December 1998 establishing agrimonetary arrangements for
the euro (3),

Having regard to Commission Regulation (EEC) No 1713/93 of
30 June 1993 establishing special detailed rules for applying
the agricultural conversion rate in the sugar sector (4), as last
amended by Regulation (EC) No 1642/1999 (5), and in partic-
ular Article 1(3) thereof,

Whereas:

(1)

Article 1(2) of Regulation (EEC) No 1713/93 provides
that the amount of the reimbursement of storage costs
referred to in Article 8 of Regulation (EC) No 2038/
1999 is to be converted into national currency using a
specific agricultural conversion rate equal to the average,
calculated pro rata temporis, of the agricultural conversion
rates applicable during the month of storage. That
specific rate must be fixed each month for the previous
the reimbursable
in the case of
month. However,

amounts applying from 1 January 1999, as a result of
the introduction of the agrimonetary arrangements for
the euro from that date, the fixing of the conversion rate
should be
rates
prevailing between the euro and the national currencies
of the Member States that have not adopted the single
currency.

limited to the

exchange

specific

(2)

Application of these provisions will lead to the fixing,
for March 2001, of the specific exchange rate for the
amount of the reimbursement of storage costs in the
various national currencies as indicated in the Annex to
this Regulation,

HAS ADOPTED THIS REGULATION:

Article 1

The specific exchange rate to be used for converting the
amount of the reimbursement of the storage costs referred to
in Article 8 of Regulation (EC) No 2038/1999 into national
currency for March 2001 shall be as indicated in the Annex
hereto.

Article 2

This Regulation shall enter into force on 3 April 2001.

It shall apply with effect from 1 March 2001.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 2 April 2001.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 252, 25.9.1999, p. 1.
(2) OJ L 175, 14.7.2000, p. 59.
(3) OJ L 349, 24.12.1998, p. 1.
(4) OJ L 159, 1.7.1993, p. 94.
(5) OJ L 195, 28.7.1999, p. 3.

3.4.2001

EN

Official Journal of the European Communities

L 93/37

to the Commission Regulation of 2 April 2001 fixing, for March 2001, the specific exchange rate for the amount
of the reimbursement of storage costs in the sugar sector

ANNEX

Specific exchange rate

EUR 1 =

7,46446
9,12095
0,62993

Danish kroner
Swedish kroner
Pound sterling