CELEX: 31990R1532
Language: en
Date: 1990-06-11 00:00:00
Title: Commission Regulation (EEC) No 1532/90 of 7 June 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

11 . 6 . 90                              Official Journal of the European Communities                          No L 147/41
                                      COMMISSION REGULATION (EEC) No 1532/90
                                                         of 7 June 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                                     Whereas, in accordance with Article 3a of Commission
COMMUNITIES,                                                       Regulation (EEC) No 3152 / 85 of 11 November 1985
                                                                   laying down detailed rules for the application of Regu­
Having regard to the Treaty establishing the European              lation (EEC) No 1676/ 85 on the value of the unit of
Economic Community,                                                account and the conversion rates to be applied for the
                                                                   purposes of the common agricultural policy ('), as last
Having regard to Commission Regulation (EEC) No                    amended by Regulation (EEC) No 2300/ 89 (l0), the
3578 / 88 of 17 November 1988 laying down detailed                 rates used to fix or, where appropriate, adjust the
rules for the application of the system for the automatic          monetary compensatory amounts are to be used for the
dismantlement of negative monetary compensatory                    conversion into ecus of the amounts relating to world
amounts ('), as last amended by Regulation (EEC) No                market data and expressed in the national currency of a
747/90 (2),                                                        Member State; whereas, pursuant to Article 2 (4) of
                                                                   Council Regulation (EEC) No 1676/85 ("), as last
Having regard to Council Regulation (EEC) No                       amended by Regulation (EEC) No 1636/ 87 ("), those
1677/85 of 11 June 1985 on monetary compensatory                   rates are also to be used for the conversion of certain
amounts in agriculture (J), as last amended by Regulation          other agricultural amounts ; whereas the rates in question
(EEC) No 1889/87 (4), and in particular Article 9 (2)              should be fixed to make it easier to use them,
thereof,
                                                                   HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/ 85 are fixed                                           Article 1
by Commission Regulation (EEC) No 1207/90 (5), as
last amended by Regulation (EEC) No 1531 /90 (6), on               The conversion rates used to fix or, where appropriate,
the basis of the central rates and, for certain Member             to adjust the monetary compensatory amounts, as
States, on the basis of the exchange rates referred to in          referred to in Article 3a of Regulation (EEC) No
Article 3 of Commission Regulation (EEC) No 3153/ 85               3152/85 , shall be as set out in the Annex hereto.
of 11 November 1985 laying down detailed rules for the                                          Article 2
calculation of monetary compensatory amounts (7), as
last amended by Regulation (EEC) No 3672/ 89 (*);                  This Regulation shall enter into force on 11 June 1990.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 7 June 1990 .
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                  Member ofthe Commission
(1) OJ No L 312, 18 . 11 . 1988, p, 16.
(2) OJ No L 82, 29. 3. 1990, p. 24.
O OJ No L 164 , 24. 6. 1985, p. 6.
O OJ No L 182, 3. 7. 1987, p. 1 .
(*) OJ No L 122, 14. 5 . 1990, p. 1 .                                O   OJ No L 310, 21 . 11 . 1985 , p. 1 .
(6) See page 1 of this Official Journal.                            (,0) OJ No L 220, 29.  7. 1989, p. 8 .
O OJ No L 310, 21 . 11 . 1985, p. 4.                               (")   OJ No L 164, 24.  6. 1985, p. 1 .
(') OJ No L 358 , 8 . 12 . 1989, p. 28 .                           (")   OJ No L 153,  13. 6. 1987, p. 1 .
 ---pagebreak--- No L 147/ 42                        Official Journal of the European Communities                              11 . 6 . 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              58,3426               55,2545          48,2868
                 Dkr              0,509804             10,7898               10,2187           8,93008
                 DM               0,133651              2,82867               2,67895          2,34113
                  FF              0,448248              9,48699                8,98483         7,85183
                   F1             0,150591              3,18719                3,01849         2,63785
                 £ Irl            0,0498895             1,05589                  —
                                                                                               0,873900
                   £              0,0472490               —
                                                                              0,947067         0,827642 "
                  Lit               —
                                                    2 116,46              2 004,43         1 751,67
                  Dr             13,1643              278,617               263,869          230,595
                  Esc            11,8117              249,990               236,757          206,902
                  Pta             8,30265             175,722               166,421          145,435