CELEX: 31991R1701
Language: en
Date: 1991-06-24
Title: Commission Regulation (EEC) No 1701/91 of 20 June 1991 fixing the representative market 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

24. 6. 91                                 Official Journal of the European Communities                           No L 159/ 51
                                         COMMISSION REGULATION (EEC) No 1701 /91
                                                          of 20 June 1991
                   fixing the representative market 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 on 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 (1C),          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 (*), as last amended by Regulation            defined as representative market rates, are to be used for
 (EEC) No 2205 /90 (*), 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 (J), as last amended by Regulation (EEC) No                  should be fixed to make it easier to use them,
287/91 (4), and in particular Article 7 thereof,
                                                                     HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/85 were fixed                                           Article 1
by Commission Regulation (EEC) No 1641 /91 (*), as
amended by Regulation (EEC) No 1700/91 (*), on the                   The representative market rates referred to in Article 3a
basis of the central rates and, for certain Member States,           of Regulation (EEC) No 3152/85, to be applied for
on the basis of the exchange rates referred to in Article 3          certain amounts in the context of the common agri­
of Commission Regulation (EEC) No 3153/85 of                         cultural policy and used to fix or, where appropriate, to
 11 November 1985 laying down detailed rules for the                 adjust the monetary compensatory amounts, are set out
calculation of monetary compensatory amounts (7), as                 in 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 24 June 1991 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 20 June 1991 .
                                                                                       For the Commission
                                                                                       Ray MAC SHARRY
                                                                                    Member ofthe Commission
o   OJ  No L  164, 24. 6. 1985, p. 6.
O   OJ  No L  201 , 31 . 7. 1990, p. 9.
O   OJ  No L  312, 18. 11 . 1988, p. 16.
(4) OJ  No L  35, 7. 2 . 1991 , p. 10 .
O   OJ  No L  153, 17. 6 . 1991 , p. 1 .
(6) See page 1 of this Official Journal.                              O OJ No L 310, 21 . 11 . 1985, p. 1 .
O OJ No L 310, 21 . 11 . 1985, p. 4.                                 (") 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 159/52                            Official Journal of the European Communities                               24 . 6. 91
                                                                ANNEX
              Representative market rates to be applied for certain amounts in the context of the common agricul­
                    tural policy and, in particular, for the calculation of the monetary compensatory amounts
            I                        100 Lit                   1 £                 1 £ Irl             1 ECU
                Bfrs/Lfrs            2,75661                60,5689               55,2545            48,5563
                  Dkr                0,509801               11,2015               10,2186              8,97989
                  DM                 0,133650                2,93659               2,67893             2,35418
                   FF                0,448246                9,84897               8,98480             7,89563
                    F1               0,150590                3,30879               3,01847             2,65256
                  £ Irl              0,0498894               1,09618                                   0,878776
                    £                0,0455120                                     0,912259           0,801671
                   Lit                                  2 197,22               2 004,44           1 761,45
                   Dr               14,5449               319,584                291,543            256,201
                   Esc              11,8031               259,341                236,586            207,906
                   Pta               8,27511               181,823               165,869            145,762