CELEX: 31990R3627
Language: en
Date: 1990-12-17 00:00:00
Title: Commission Regulation (EEC) No 3627/90 of 14 December 1990 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

17 . 12 . 90                             Official Journal of the European Communities                          No L 354/ 37
                                      COMMISSION REGULATION (EEC) No 3627/90
                                                      of 14 December 1990
                 fixing the market conversion rates to De 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                                      lation (EEC) No 1676/ 85 on the value of the unit of
COMMUNITIES,                                                        account and the conversion rates to be applied for the
Having regard to the Treaty establishing the European               purposes of the common agricultural policy (9), as last
Economic Community,                                                 amended by Regulation (EEC) No 3237/90 (10), the
                                                                    rates used to fix or, where appropriate, adjust the
Having regard to Council Regulation (EEC) No                        monetary compensatory amounts, from this time forth
1677/85 of 11 June 1985 on monetary compensatory                    defined as market conversion rates, are to be used for
amounts in agriculture ('), as last amended by Regulation           the conversion into ecus of the amounts relating to world
(EEC) No 2205/90 (2), and in particular Article 12                  market data and expressed in the national currency of a
thereof,                                                            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 (J), 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 3626/90 ('), on                 The market conversion rates referred to in Article 3a of
the basis of the central rates and, for certain Member              Regulation (EEC) No 3152/ 85 , to be applied for certain
States, on the basis of the exchange rates referred to in           amounts in the context of the common agricultural
Article 3 of Commission Regulation (EEC) No 3153 / 85               policy and used to fix or, where appropriate, to adjust
of 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 17 December
laying down detailed rules for the application of Regu              1990 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 14 December 1990 .
                                                                                     For the Commission
                                                                                      Ray MAC SHARRY
                                                                                  Member ofthe Commission
 ') OJ No L 164, 24 . 6. 1985, p. 6.
 2) OJ No L 201 , 31 . 7. 1990, p. 9.
 J) OJ No L 312, 18 . 11 . 1988 , p. 16.
 *) 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 .
 0 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 354/ 38                            Official Journal of the European Communities                               17 . 12 . 90
                                                                 ANNEX
               Market conversion rates to be applied for certain amounts in the context of the common agricultural
                        policy and, in particular, for die calculation of the monetary compensatory amounts
             I                        100 Lit                   1 £                1 £ Irl             1 ECU
                Bfrs/Lfrs             2,75661               59,7595               55,2545             48,5563
                   Dkr                0,509801              11,0518               10,2186              8,97989
                   DM                 0,133650                2,89735              2,67893             2,35418
                    FF                0,448246                9,71736              8,98480             7,89563
                    F1                0,150590                3,26458              3,01847             2,65256
                   £ Irl              0,0498894               1,08153                                  0,8787^6
                     £                0,0461284                                    0,924613            0,812528
                    Lit                                  2 167,86              2 004,44            1 761,45
                    Dr               13,6613               296,158               273,832             240,637
                   Esc               11,8123               256,075               236,770             208,068
                   Pta                8,49323              184,122               170,241             149,604