CELEX: 32001R0437
Language: en
Date: 2001-03-02 00:00:00
Title: Commission Regulation (EC) No 437/2001 of 2 March 2001 fixing, for February 2001, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector

3.3.2001               EN                       Official Journal of the European Communities                                        L 63/19
                                            COMMISSION REGULATION (EC) No 437/2001
                                                              of 2 March 2001
               fixing, for February 2001, the specific exchange rate for the amount of the reimbursement of
                                                     storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                       amounts applying from 1 January 1999, as a result of
                                                                                  the introduction of the agrimonetary arrangements for
Having regard to the Treaty establishing the European                             the euro from that date, the fixing of the conversion rate
Community,                                                                        should be limited to the specific exchange rates
Having regard to Council Regulation (EC) No 2038/1999 of 13                       prevailing between the euro and the national currencies
September 1999 on the common organisation of the markets                          of the Member States that have not adopted the single
in the sugar sector (1), as amended by Commission Regulation                      currency.
(EC) No 1527/2000 (2),                                                     (2)    Application of these provisions will lead to the fixing,
Having regard to Council Regulation (EC) No 2799/98 of 15                         for February 2001, of the specific exchange rate for the
December 1998 establishing agrimonetary arrangements for                          amount of the reimbursement of storage costs in the
the euro (3),                                                                     various national currencies as indicated in the Annex to
                                                                                  this Regulation,
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          HAS ADOPTED THIS REGULATION:
amended by Regulation (EC) No 1642/1999 (5), and in partic-
ular Article 1(3) thereof,                                                                             Article 1
Whereas:                                                                   The specific exchange rate to be used for converting the
(1)     Article 1(2) of Regulation (EEC) No 1713/93 provides               amount of the reimbursement of the storage costs referred to
        that the amount of the reimbursement of storage costs              in Article 8 of Regulation (EC) No 2038/1999 into national
        referred to in Article 8 of Regulation (EC) No 2038/               currency for February 2001 shall be as indicated in the Annex
        1999 is to be converted into national currency using a             hereto.
        specific agricultural conversion rate equal to the average,
        calculated pro rata temporis, of the agricultural conversion                                   Article 2
        rates applicable during the month of storage. That                 This Regulation shall enter into force on 3 March 2001.
        specific rate must be fixed each month for the previous
        month. However, in the case of the reimbursable                    It shall apply with effect from 1 February 2001.
                      This Regulation shall be binding in its entirety and directly applicable in all Member States.
                      Done at Brussels, 2 March 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.
 ---pagebreak--- L 63/20         EN                   Official Journal of the European Communities                                  3.3.2001
                                                           ANNEX
        to the Commission Regulation of 2 March 2001 fixing, for February 2001, the specific exchange rate for the
                          amount of the reimbursement of storage costs in the sugar sector
                                                    Specific exchange rate
                             EUR 1 =       7,46289         Danish kroner
                                           8,96633         Swedish kroner
                                           0,63346         Pound sterling