CELEX: 31991R0162
Language: en
Date: 1991-01-28 00:00:00
Title: Commission Regulation (EEC) No 162/91 of 24 January 1991 fixing the market con- version 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

28 . 1 . 91                                    Official Journal of the European Communities                            No L 22 /47
                                             COMMISSION REGULATION (EEC) No 162/91
                                                             of 24 January 1991
                   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
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 ('), 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 9 (2)                     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 (3), 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 were fixed                                                 Article 1
by Commission Regulation (EEC) No 1207/90 (*), as
last amended by Regulation (EEC) No 161 /91 (®), 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 28 January
laying down detailed rules for the application of Regu­                   1991 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 24 January 1991 .
                                                                                            For the Commission
                                                                                            Ray MAC SHARRY
                                                                                        Member ofthe Commission
 *) OJ   No L 164,   24 . 6 . 1985 , p. 6.
 l) OJ   No L 201 ,  31 . 7. 1990, p. 9.
 J) OJ   No L 312 ,  18 . 11 . 1988 , p. 16.
 4) OJ   No L 308 ,  8 . 11 . 1990 , p. 21 .
 s) 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 .
 7) OJ No L 310, 21 . 11 . 1985, p. 4 .                                   (10) OJ No L 310, 9. 11 . 1990, p. 18 .
 •) OJ No L 358 , 8 . 12 . 1989, p. 28 .                                 O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 22 /48                          Official Journal of the European Communities                               28 . 1 . 91
                                                              ANNEX
            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
                                   100 Lit                   1 £             .   1 £ Irl            1 ECU
             Bfrs/Lfrs             2,75661               60,5688                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                9,84895               8,98480            7,89563
                 F1                0,150590                3,30878               3,01847            2,65256
                £ Irl              0,0498894               1,09618                                  0,878776
                  £                0,0455121                                     0,912260           0,801672
                 Lit                                  2 197,22              2 004,44            1 761,45
                 Dr               14,1498               310,903                283,624            249,242
                Esc               11,9361               262,263                239,252            210,249
                 Pta               8,47154              186,138                169,807            149,222