CELEX: 31995R2098
Language: en
Date: 1995-08-31 00:00:00
Title: COMMISSION REGULATION (EC) No 2098/95 of 31 August 1995 fixing the agricultural conversion rates

No L 206/38       rEN-!                  Official Journal of the European Communities                                   1 . 9 . 95
                                       COMMISSION REGULATION (EC) No 2098/95
                                                       of 31 August 1995
                                           fixing the agricultural conversion rates
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        advance is to be adjusted if the gap between that rate and
Having regard to the Treaty establishing the European              the agricultural conversion rate in force at the time of the
Community,                                                         operative event applicable for the amount concerned
                                                                   exceeds four points ; whereas, in that event, the agricul­
Having regard to Council Regulation (EEC) No 3813/92               tural conversion rate fixed in advance is brought more
of 28 December 1992 on the unit of account and the
                                                                   closely into line with the rate in force, up to the level of a
conversion rates to be applied for the purposes of the             gap of four points with that rate ; whereas the rate which
common agricultural policy ('), as last amended by Regu­           replaces the agricultural conversion rate fixed in advance
lation (EC) No 150/95 (2), and in particular Article 3 (1)         should be specified,
thereof,
Whereas the agricultural conversion rates were fixed by
Commission Regulation (EC) No 2013/95 (3);                         HAS ADOPTED THIS REGULATION :
Whereas Article 4 of Regulation (EEC) No 3813/92
                                                                                             Article 1
provides that, subject to confirmation periods being trig­
gered, the agricultural conversion rate for a currency is to       The agricultural conversion rates are fixed in Annex I
be adjusted where the monetary gap between it and the              hereto.
representative market rate exceeds certain levels ;
Whereas the representative market rates are determined                                       Article 2
on the basis of basic reference periods or, where appli­
cable, confirmation periods, established in accordance              In the case referred to in Article 15 (3) of Regulation
with Article 2 of Commission Regulation (EEC) No                   (EEC) No 1068/93, the agricultural conversion rate fixed
1068/93 of 30 April 1993 on detailed rules for deter­               in advance shall be replaced by the ecu rate for the
mining and applying the agricultural conversion rates (4),          currency concerned, shown in Annex II :
as last amended by Regulation (EC) No 1053/95 (^) ;                — Table A, where the latter rate is higher than the rate
whereas paragraph 2 of that Article provides that, in cases             fixed in advance,
where the absolute value of the difference between the
monetary gaps in two Member States, calculated from the            — Table B, where the latter rate is lower than the rate
average of the ecu rates for three consecutive quotation                fixed in advance.
days, exceeds six points, the representative market rates
are to be adjusted on the basis of the three quotation days                                  Article 3
in question ;
                                                                    Regulation (EC) No 2013/95 is hereby repealed.
Whereas, as a consequence of the exchange rates recorded
from 21 to 31 August 1995, it is necessary to fix a new                                      Article 4
agricultural conversion rate for the Swedish krona ;
Whereas Article 15 (2) of Regulation (EEC) No 1068/93               This Regulation shall enter into force on 1 September
provides that an agricultural conversion rate fixed in               1995.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 31 August 1995.
                                                                              For the Commission
                                                                               Karel VAN MIERT
                                                                          Member of the Commission
 (<) OJ No L 387, 31 . 12. 1992, p. 1 .
 (2) OJ No L 22, 31 . 1 . 1995, p. 1 .
 M OJ No L 196, 19. 8. 1995, p. 16.
 (<) OJ No L 108, 1 . 5. 1993, p. 106.
 M OJ No L 107, 12. 5. 1995, p. 4.
 ---pagebreak--- 1 . 9 . 95     | EN |              Official Journal of the European Communities                                 No L 206/39
                                                          ANNEX I
                                               Agricultural conversion rates
                                   ECU 1 =         39,5239    Belgian and
                                                              Luxembourg francs
                                                    7,49997   Danish kroner
                                                    1,90616   German marks
                                                  302,927     Greek drachmas
                                                  198,202     Portuguese escudos
                                                    6,61023   French francs
                                                    5,88000   Finnish marks
                                                    2,14021   Dutch guilders
                                                    0,829498  Irish punt
                                                2 164,34      Italian lire
                                                   13,4084    Austrian schillings
                                                  165,198     Spanish pesetas
                                                    9,63352   Swedish kroner
                                                    0,843954 Pound sterling
                                                         ANNEX II
                            Agricultural conversion rates fixed in advance and adjusted
                              Table A                                                  Table B
           ECU 1 =     38,0038     Belgian and                  ECU 1 =        41,1707      Belgian and
                                    Luxembourg francs                                       Luxembourg francs
                        7,21151    Danish kroner                                7,81247     Danish kroner
                        1,83285    German marks                                 1,98558     German marks
                      291,276      Greek drachmas                             315,549       Greek drachmas
                      190,579      Portuguese escudos                         206,460       Portuguese escudos
                        6,35599    French francs                                6,88566     French francs
                        5,65385    Finnish marks                                6,12500     Finnish marks
                        2,05789 Dutch guilders                                  2,22939     Dutch guilders
                        0,797594 Irish punt                                     0,864060    Irish punt
                    2 081,10       Italian lire                            2254,52          Italian lire
                       12,8927     Austrian schillings                         13,9671      Austrian schillings
                      158,844      Spanish pesetas                            172,081       Spanish pesetas
                        9,26300    Swedish kroner                              10,0349      Swedish kroner
                        0,811494   Pound sterling                               0,879119    Pound sterling