CELEX: 31991R0020
Language: en
Date: 1991-01-07 00:00:00
Title: Commission Regulation (EEC) No 20/91 of 3 January 1991 fixing the market conversion rates to be applied for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts

7. 1 . 91                                    Official Journal of the European Communities                              No L 4/47
                                           COMMISSION REGULATION (EEC) No 20/91
                                                            of 3 January 1991
                   fixing the market conversion rates to be applied for certain amounts in the context of the
                   common agricultural policy and, in particular, for the calculation of the monetary
                                                          compensatory amounts
THE COMMISSION OF THE EUROPEAN                                          laying down detailed rules for the application of Regu­
COMMUNITIES,                                                            lation (EEC) No 1676/ 85 cm the value of the unit of
Having regard to the Treaty establishing the European                   account and the conversion rates to be applied for the
Economic Community,                                                     purposes of the common agricultural policy ('), as last
                                                                        amended by Regulation (EEC) No 3237/90 (10), the
Having regard to Council Regulation (EEC) No                            rates used to fix or, where appropriate, adjust the
1677/85 of 11 June 1985 on monetary compensatory                        monetary compensatory amounts, from this time forth
amounts in agriculture (x), as last amended by Regulation               defined as market conversion rates, are to be used for
(EECy No 2205/90 (2), and in particular Article 9 (2)                   the conversion into ecus of the amounts relating to world
thereof,                                                                market data and expressed in the national currency of a
                                                                        Member State ; whereas, pursuant to Article 2 (4) of
Having regard to Commission Regulation (EEC) No                         Council Regulation (EEC) No 1676/ 85 ("), as last
3578 /88 of 17 November 1988 laying down detailed                       amended by Regulation (EEC) No 2205/90, those rates
rules for the application of the system for the automatic               are also to be used for the conversion of certain other
dismantlement of negative monetary compensatory                         agricultural amounts ; whereas the rates in question
amounts (3), as last amended by Regulation (EEC) No                     should be fixed to make it easier to use them,
3219/90 (4), and in particular Article 7 thereof,
                                                                        HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/85 are fixed                                               Article 1
by Commission Regulation (EEC) No 1207/90 (5), as
last amended by Regulation (EEC) No 19/91 (&), on the                   The market conversion rates referred to in Article 3a of
basis of the central rates and, for certain Member States,              Regulation (EEC) No 3152/85, to be applied for certain
on the basis of the exchange rates referred to in Article 3             amounts in the context of the common agricultural
of Commission Regulation (EEC) No 3153/85 of                            policy and used to fix or, where appropriate, to adjust
11 November 1985 laying down detailed rules for the                     the monetary compensatory amounts, shall be set out in
calculation of monetary compensatory amounts (7), as                    the Annex hereto.
last amended by Regulation (EEC) No 3672/ 89 (*);
                                                                                                  Article 2
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152/ 85 of 11 November 1985                        This Regulation shall enter into force on 7 January 1991 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                  Done at Brussels, 3 January 1991 .
                                                                                         For the Commission
                                                                                          Ray MAC SHARRY
                                                                                      Member ofthe Commission
 ') OJ  No L  164,   24 . 6 . 1985 , p. 6.
 *) OJ  No L  201 ,  31 . 7 . 1990, p. 9.
 ») OJ  No L  312,   18 . 11 . 1988 , p. 16.
 4) OJ  No L  308,   8. 11 . 1990, p. 21 .
 ') OJ  No L  122,   14. 5. 1990, p. 1 .
 ') See page 1 of this Official Journal.                                 O OJ No L 310, 21 . 11 . 1985, p. 1 .
 7) OJ No L 310, 21 . 11 . 1985, p. 4.                                  H OJ No L 310, 9. 11 . 1990, p. 18 .
 •) OJ No L 358 , 8 . 12 . 1989, p. 28 .                                (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 4/48                         Official Journal of the European Communities                                7 . 1 . 91
                                                           ANNEX
          Market conversion rates to be applied for certain amounts in the context of the common agricultural
                  policy and, in particular, for the calculation of the monetary compensatory amounts
                                100 Lit                   1 £                 1 £ Irl            1 ECU
           Bfrs/Lfrs            2,75661               59,8802               55,2545             48,5563
              Dkr ,             0,509801              11,0741                10,2186             8,97989
              DM                0,133650                2,90320               2,67893            2,35418
              FF                0,448246                9,73698               8,98480            7,89563
               F1               0,150590                3,27117               3,01847            2,65256
             £ Irl              0,0498894               1,08372                                  0,878776
               £                0,0460354                                   ' 0,922751           0,810891
              Lit                                  2 172,24              2 004,44            1 761,45
              Dr               13,8832               301,576               278,279             244,545
              Esc              11,7991               256,306               236,506             207,836
              Pta               8,47154              184,022               169,807             149,222