CELEX: 31990R2278
Language: en
Date: 1990-08-06 00:00:00
Title: Commission Regulation (EEC) No 2278/90 of 2 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

6 . 8 . 90                               Official Journal of the European Communities                          No L 207/ 41
                                      COMMISSION REGULATION (EEC) No 2278/90
                                                        of 2 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                                     account and the conversion rates to be applied for the
COMMUNITIES,                                                       purposes of the common agricultural policy (7), as last
Having regard to the Treaty establishing the European              amended by Regulation (EEC) No 2300/ 89 (8), the rates
Economic Community,                                                used to fix or, where appropriate, adjust the monetary
                                                                   compensatory amounts are to be used for the conversion
Having regard to Council Regulation (EEC) No                       into ecus of the amounts relating to world market data
1677/85 of 11 June 1985 on monetary compensatory                   and expressed in the national currency of a Member
amounts in agriculture (*), as last amended by Regulation          State ; whereas, pursuant to Article 2 (4) of Council
(EEC) No 2205/90 (2), and in particular Article 9 (2)              Regulation (EEC) No 1676/85 ('), as last amended by
thereof,                                                           Regulation (EEC) No 2205/90, those rates are also to be
Whereas the monetary compensatory amounts                          used for the conversion of certain other agricultural
introduced by Regulation (EEC) No 1677/85 are fixed                amounts ; whereas the rates in question should be fixed
                                                                   to make it easier to use them,
by Commission Regulation (EEC) No 1207/90 (3), as
last amended by Regulation (EEC) No 2277/90 (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
Whereas, in accordance with Article 3a of Commission               3152/ 85 , shall be as set out in the Annex hereto.
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 6 August 1990 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 2 August 1990 .
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                  Member ofthe Commission
(') OJ No L 164, 24. 6. 1985, p. 6.
O OJ No L 201 , 31 . 7. 1990, p. 9 .
O 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 .
(5) OJ No L 310, 21 . 11 . 1985, p. 4 .                            (') OJ No L 220, 29. 7. 1989, p. 8 .
(•) OJ No L 358, 8 . 12. 1989, p. 28 .                             O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 207/42                        Official Journal of the European Communities                              6 . 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              60,6551               55,2545          48,2868
                Dkr              0,509804             11,2175               10,2187           8,93008
                DM               0,133651              2,94079               2,67895          2,34113
                 FF              0,448248              9,86302               8,98483          7,85183
                  F1             0,150591              3,31352               3,01849          2,63785
                £ Irl            0,0498895             1,09774                  —
                                                                                              0,873900
                  £              0,0454470               —
                                                                             0,910960         0,796088
                 Lit               —
                                                   2 200,35              2 004,43     .   1 751,67
                 Dr             13,1576              289,513               263,735          230,478
                 Esc            11,7765              259,123               236,051          206,285
                 Pta             8,21576             180,775               164,679          143,913