CELEX: 31990R1127
Language: en
Date: 1990-05-07 00:00:00
Title: Commission Regulation (EEC) No 1127/90 of 3 May 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

7. 5 . 90                                  Official Journal of the European Communities                             No L 115 / 1
                                                                   I
                                                 (Acts whose publication is obligatory)
                                        COMMISSION REGULATION (EEC) No 1127/90
                                                           of 3 May 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 Council Regulation (EEC) No                           amended by Regulation (EEC) No 2300/89 (,0), the
1677/85 of 11 June 1985 on monetary compensatory                       rates used to fix or, where appropriate, adjust the
amounts in agriculture ('), as last amended by Regulation              monetary compensatory amounts are to be used for the
(EEC) No 1889/87. 0, and in particular Article 9(2)                    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 982/90 ("), those
rules for the application of the system for the automatic              rates are also to be used for the conversion of certain
dismantlement of negative monetary compensatory                        other 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,
747/90 (4),
                                                                       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 1876/89 ('), as
last amended by Regulation (EEC) No 1050/90 (4), 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 7 May 1990.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 3 May 1990.
                                                                                          For the Commission
                                                                                          Ray MAC SHARRY
                                                                                      Member ofthe Commission
 ») OJ  No L 164, 24. 6. 1985, p. 6.
 J) OJ  No L 182, 3 . 7 . 1987, p. 1 .
 J) OJ  No L 312, 18 . 11 . 1988 , p. 16 .
 4) OJ  No L 82, 29. 3 . 1990, p. 24.
 s) OJ  No L 188 , 1 . 7 . 1989, p. 1 .                                 O   OJ No  L 310, 21 . 11 . 1985 , p. 1 .
 4) OJ  No L 110, 30 . 4 . 1990, p. 3.                                 H    OJ No  L 220, 29.  7. 1989, p. 8 .
 7) OJ  No L 310, 21 . 11 . 1985, p. 4.                                H    OJ No  L 164, 24.  6. 1985, p. 1 .
 ») OJ  No L 358 , 8 . 12 . 1989, p. 28 .                              (")  OJ No  L 100, 20 . 4 . 1990, p. 8 .
 ---pagebreak--- No L 115 /2                        Official Journal of the European Communities                              7 . 5 . 90
                                                            ANNEX
            Conversion rates used for the calculation of monetary compensatory amounts and to be applied for
                                         certain amounts in the agricultural sector
                                 Lit 100                   £ 1                £ Irl 1         ECU 1
              Bfrs/Lfrs          2,75662               56,5678              55,2545          48,2868
                Dkr              0,509804              10,4615              10,2187           8,93008
                DM               0,133651               2,74262               2,67895         2,34113
                 FF              0,448248               9,19838               8,98483         7,85183
                  Fl             0,150591               3,09023               3,01849         2,63785
                £ Irl            0,0498895              1 >02377                —
                                                                                              0,873900
                  £              0,0487310                 —
                                                                              0,976782        0,853610
                 Lit                                2 052,07             2 004,43         1 751,67
                 Dr             13,1269               269,374              263,119          229,940
                 Esc            11,8117               242,385              236,757          206,902
                 Pta             8,47203              173,852              169,816          148,402