Commission Regulation (EC) No 1580/2001 of 1 August 2001 setting the conversion rate applicable to certain direct aids whose operative event is 1 July 2001
Date: 2001-08-01
Institutions: European Commission
Subjects: aid to agriculture, exchange rate, hops

L 209/16

EN

Official Journal of the European Communities

2.8.2001

COMMISSION REGULATION (EC) No 1580/2001

of 1 August 2001

setting the conversion rate applicable to certain direct aids whose operative event is 1 July 2001

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),

Having regard to Commission Regulation (EC) No 1410/1999
of 29 June 1999 amending Regulation (EC) No 2808/98 laying
down detailed rules for the application of the agrimonetary
system for the euro in agriculture and amending the definition
of certain operative events provided for in Regulations (EEC)
No 3889/87, (EEC) No 3886/92, (EEC) No 1793/93, (EEC) No
2700/93 and (EC) No 293/98 (2), and in particular Article 2
thereof,

Whereas:

(1)

Article 1 of Commission Regulation (EEC) No 1793/93
of 30 June 1993 regarding the operative event for the
agricultural conversion rates used in the hops sector (3),
as last amended by Regulation (EC) No 1410/1999, lays
down that the conversion rate to be applied for the
purposes of the aid for hops provided for in Article 12
of Council Regulation (EEC) No 1696/71 (4), as last
amended by Regulation (EC) No 1514/2001 (5), is the
average of the conversion rates applicable during the
month before 1 July of the year of harvest, calculated pro
rata temporis.

Article 4(1) of Commission Regulation (EC) No 2808/98
of 22 December 1998 laying down detailed rules for the
application of the agrimonetary system for the euro in
agriculture (6), as last amended by Regulation (EC) No
2452/2000 (7). The operative event for the conversion
rate applicable to aid for arable crops and grain legumes
is, therefore, 1 July 2001.

(3)

Under Article 4(3) of Regulation (EC) No 2808/98, as
introduced by Regulation (EC) No 1410/1999,
the
conversion rate to be applied to aid per hectare is the
average of
the exchange rates applicable during the
month preceding the date of the operative event, calcu-
lated pro rata temporis,

HAS ADOPTED THIS REGULATION:

Article 1

The conversion rate to be applied to the aid for hops provided
for in Article 12 of Regulation (EEC) No 1696/71 shall be that
set out in the Annex to this Regulation.

This rate shall also apply to the aids referred to in Article 4(1)
of Regulation (EC) No 2808/98 whose operative event is 1 July
2001.

Article 2

(2)

The operative event for the conversion rate application
to aid per hectare is the start of the marketing year in
respect of which the aid is granted, as laid down in

This Regulation shall enter into force on the seventh day
following its publication in the Official Journal of the European
Communities.

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

Done at Brussels, 1 August 2001.

For the Commission

Frederik BOLKESTEIN

Member of the Commission

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 164, 30.6.1999, p. 53.
(3) OJ L 163, 6.7.1993, p. 22.
(4) OJ L 175, 4.8.1971, p. 1.
(5) OJ L 201, 26.7.2001, p. 8.

(6) OJ L 349, 24.12.1998, p. 36.
(7) OJ L 282, 8.11.2000, p. 9.

2.8.2001

EN

Official Journal of the European Communities

L 209/17

ANNEX

Conversion rates applicable to the aids referred to in Article 1 of this Regulation

EUR 1 = (average 1 June 2001 — 30 June 2001)

7,45422

9,20536

Danish krone

Swedish krona

0,608097

Pound sterling