Commission Regulation (EC) No 1359/2001 of 4 July 2001 fixing, for June 2001, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector
Date: 2001-07-04
Institutions: European Commission
Subjects: exchange rate, national currency, redemption, storage cost, sugar

L 182/38

EN

Official Journal of the European Communities

5.7.2001

COMMISSION REGULATION (EC) No 1359/2001

of 4 July 2001

fixing, for June 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 2799/98 of 15
December 1998 establishing agrimonetary arrangements for
the euro (1),

(2)

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 (2), as last
amended by Regulation (EC) No 1642/1999 (3), 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 Council Regulation (EC) No
2038/1999 on the common organisation of the markets
in the sugar sector (4) 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 month. However, in the case of
the reimbursable 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 limited to the specific
exchange rates prevailing between the euro and the
national currencies of the Member States that have not
adopted the single currency.

Application of these provisions will lead to the fixing,
for June 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 June 2001 shall be as indicated in the Annex
hereto.

Article 2

This Regulation shall enter into force on 5 July 2001.

It shall apply with effect from 1 June 2001.

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

Done at Brussels, 4 July 2001.

For the Commission

Franz FISCHLER

Member of the Commission

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

5.7.2001

EN

Official Journal of the European Communities

L 182/39

to the Commission Regulation of 4 July 2001 fixing, for June 2001, the specific exchange rate for the amount of
the reimbursement of storage costs in the sugar sector

ANNEX

Specific exchange rate

EUR 1 =

7,45422
9,20536
0,608097

Danish kroner
Swedish kroner
Pound sterling