CELEX: 31990R2390
Language: en
Date: 1990-08-20 00:00:00
Title: Commission Regulation (EEC) No 2390/90 of 16 August 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

20 . 8 . 90                              Official Journal of the European Communities                         No L 226/43
                                       COMMISSION REGULATION (EEC) No 2390/90
                                                       of 16 August 1990
                 fixing the conversion rates used for the calculation of monetary compensatory amounts
                                 and to be applied for certain amounts in the agricultural sector
THE COMMISSION OF THE EUROPEAN                                     purposes of the common agricultural policy (7), as last
COMMUNITIES,                                                       amended by Regulation (EEC) No 2300 / 89 (8), the rates
Having regard to the Treaty establishing the European              used to fix or, where appropriate, adjust the monetary
                                                                   compensatory amounts are to be used for the conversion
Economic Community,
                                                                   into ecus of the amounts relating to world market data
Having regard to Council Regulation (EEC) No                       and expressed in the national currency of a Member
1677/ 85 of 11 June 1985 on monetary compensatory                  State ; whereas, pursuant to Article 2 (4) of Council
amounts in agriculture ('), as last amended by Regulation          Regulation (EEC) No 1676/ 85 (9), as last amended by
(EEC) No 2205/90 (2), and in particular Article 9 (2)              Regulation (EEC) No 2205/90, those rates are also to be
thereof,                                                           used for the conversion of certain other agricultural
                                                                   amounts ; whereas the rates in question should be fixed
Whereas the monetary compensatory amounts                          to make it easier to use them,
introduced by Regulation (EEC) No 1677/ 85 are fixed
by Commission Regulation (EEC) No 1207 /90 (3), as
last amended by Regulation (EEC) No 2389/90 (4), on                HAS ADOPTED THIS REGULATION :
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in                                   Article 1
Article 3 of Commission Regulation (EEC) No 3153 / 85
of 11 November 1985 laying down detailed rules for the             The conversion rates used to fix or, where appropriate,
calculation of monetary compensatory amounts (5), as               to adjust the monetary compensatory amounts, as
last amended by Regulation (EEC) No 3672/ 89 (6);                  referred to in Article 3a of Regulation (EEC) No
                                                                   3152/ 85, shall be as set out in the Annex hereto.
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152/ 85 of 11 November 1985                                            Article 2
laying down detailed rules for the application of Regu­
lation (EEC) No 1676/ 85 on the value of the unit of               This Regulation shall enter into force on 20 August
account and the conversion rates to be applied for the              1990.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 16 August 1990.
                                                                                     For the Commission
                                                                                     Ray MAC SHARRY
                                                                                 Member ofthe Commission
O OJ No L 164, 24. 6 . 1985 , p. 6.
(2) OJ No L 201 , 31 . 7 . 1990, p. 9.
(') OJ No L 122, 14. 5 . 1990, p. 1 . *
(4) See page 1 of this Official Journal.                           O OJ No L 310, 21 . 11 . 1985, p. 1 .
(') OJ No L 310, 21 . 11 . 1985 , p. 4 .                           (') OJ No L 220, 29. 7. 1989, p. 8 .
O OJ No L 358 , 8 . 12 . 1989, p. 28 .                             O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 226/ 44                        Official Journal of the European Communities                              20. 8 . 90
                                                            ANNEX
             Conversion rates used for the calculation of monetary compensatory amounts and to be applied for
                                          certain amounts in the agricultural sector
                                  100 Lit                  1 £                 1 £ Irl         1 ECU
               Bfrs/Lfrs          2,75662              60,7866               55,2545          48,2868
                 Dkr              0,509804             11,2418               10,2187           8,93008
                 DM               0,133651              2,94717               2,67895          2,34113
                  FF              0,448248              9,88440                8,98483         7,85183
                   F1             0,150591              3,32070                3,01849         2,63785
                 £ Irl            0,0498895              1,10012                 —
                                                                                               0,873900
                   £              0,0453490                —
                                                                              0,908990         0,794366
                  Lit               —
                                                    2 205,12              2 004,43         1 751,67
                  Dr             13,1909              290,875               264,402          231,061
                  Esc            11,7765              259,685               236,051          206,285
                  Pta             8,22883             181,455               164,941          144,142