CELEX: 31991R0706
Language: en
Date: 1991-03-23 00:00:00
Title: Commission Regulation (EEC) No 706/91 of 21 March 1991 fixing the representative market rates to be applid for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts

23 . 3 . 91                                Official Journal of the European Communities                              No L 77/27
                                       COMMISSION REGULATION (EEC) No 706/91
                                                         of 21 March 1991
                  fixing the representative market rates to be applid 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 COMMUNITIES,                           account and the conversion rates to be applied for the
                                                                      purposes of the common agricultural policy (9), as last
Having regard to the Treaty establishing the European                 amended by Regulation (EEC) No 3237/90 (10), the rates
Economic Community,                                                   used to fix or, where appropriate, adjust the monetary
                                                                      compensatory amounts, from this time forth defined as
Having regard to Council Regulation (EEC) No 1677/85                  representative market rates, are to be used for the conver­
of 11 June 1985 on monetary compensatory amounts in                   sion into ecus of the amounts relating to world market
agriculture ('), as last amended by Regulation (EEC) No               data and expressed in the national currency of a Member
2205/90 (2), and in particular Article 9 (2) thereof,                 State ; whereas, pursuant to Article 2 (4) of Council Regu­
                                                                      lation (EEC) No 1 676/85 (n), as last amended by Regula­
                                                                      tion (EEC) No 2205/90, those rates are also to be used for
Having regard to Commission Regulation (EEC) No                       the conversion of certain other agricultural amounts ;
3578/88 of 17 November 1988 laying down detailed rules                whereas the rates in question should be fixed to make it
for the application of the system for the automatic                   easier to use them,
dismantlement of negative monetary compensatory
amounts (3), as last amended by Regulation (EEC) No
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 by Commis­
sion Regulation (EEC) No 1207/90 (*), as last amended by                                         Article 1
 Regulation (EEC) No 705/91 (6), on the basis of the
 central rates and, for certain Member States, on the basis           The representative market rates referred to in Article 3a of
of the exchange rates referred to in Article 3 of Commis­             Regulation (EEC) No 3152/85, to be applied for certain
sion Regulation (EEC) No 3153/85 of 11 November 1985                  amounts in the context of the common agricultural policy
 laying down detailed rules for the calculation of monetary           and used to fix or, where appropriate, to adjust the mone­
 compensatory amounts Q, as last amended by Regulation                tary compensatory amounts, shall be set out in the Annex
(EEC) No 3672/89 (8) ;                                                hereto.
Whereas, in accordance with Article 3a of Commission
 Regulation (EEC) No 3152/85 of 11 November 1985                                                 Article 2
 laying down detailed rules for the application of Regula­
 tion (EEC) No 1676/85 on the value of the unit of                    This Regulation shall enter into force on 25 March 1991 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 21 March 1991 .
                                                                                For the Commission
                                                                                 Ray MAC SHARRY
                                                                            Member of the Commission
 (') OJ  No L 164, 24. 6. 1985, p. 6.
 (2) OJ  No L 201 , 31 . 7. 1990, p. 9 .
 (3) OJ  No L 312, 18 . 11 . 1988 , p. 16.
 (4) OJ  No L 35, 7. 2. 1991 , p. 10.
 0   OJ  No L 122, 14. 5. 1990, p. 1 .
 (6) See page 25 of this Official Journal.                            O OJ No L 310, 21 . 11 . 1985, p. 1 .
 0   OJ  No L 310, 21 . 11 . 1985, p. 4.                              (10) OJ No L 310, 9 . 11 . 1990, p . 18 .
 O OJ No L 358, 8 . 12. 1989, p. 28 .                                 (") OJ No L 164, 24. 6. 1985, p . 1 .
 ---pagebreak--- No L 77/28                    Official Journal of the European Communities                     23 . 3 . 91
                                                   ANNEX
           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
                             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         14,3462              315,219          287,561          252,702
                Esc        11,6126              255,154          232,767  -       204,550
                Pta         8,36209             183,733          167,613          147,294