CELEX: 31990R1995
Language: en
Date: 1990-07-16
Title: Commission Regulation (EEC) No 1995/90 of 12 July 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

No L 183 / 36                                Official Journal of the European Communities                                 16 . 7. 90
                                          COMMISSION REGULATION (EEC) No 1995/90
                                                             of 12 July 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                                          laying down detailed rules for the application of Regu­
COMMUNITIES,                                                            lation (EEC) No 1676/85 on the value of the unit of
Having regard to the Treaty establishing the European                   account and the conversion rates to be applied for the
Economic Community,                                                     purposes of the common agricultural policy ('), as last
                                                                        amended by Regulation (EEC) No 2300/ 89 (l0), the
Having regard to Council Regulation (EEC) No                            rates used to fix or, where appropriate, adjust the
1677/85 of 11 June 1985 on monetary compensatory                        monetary compensatory amounts are to be used for the
amounts in agriculture (l), as last amended by Regulation               conversion into ecus of the amounts relating to world
(EEC) No 1889/87 (2), and in particular Article 12                      market data and expressed in the national currency of a
thereof,                                                                Member State ; whereas* pursuant to Article 2 (4) of
                                                                        Council Regulation (EEC) No 1676/85 ("), as last
Having regard to Commission Regulation (EEC) No                         amended by Regulation (EEC) No 1636/ 87 (12), those
3578 /88 of 17 November 1988 laying down detailed                       rates are also to be used for the conversion of certain
rules for the application of the system for the automatic               other agricultural amounts ; whereas the rates in question
dismantlement of negative monetary compensatory                         should be fixed to make it easier to use them ;
amounts (J), as last amended by Regulation (EEC) No
1848 /90 O,                                                             Whereas the measures provided for in this Regulation
                                                                        are in accordance with the opinion of the relevant
Whereas      the       monetary         compensatory     amounts        management committees,
introduced by Regulation (EEC) No 1677/85 are fixed                     HAS ADOPTED THIS REGULATION :
by Commission Regulation (EEC) No 1207/90 (s), as
last amended by Regulation (EEC) No 1994/90 ('), on
                                                                                                     Article 1
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in               The conversion rates used to fix or, where appropriate,
Article 3 of Commission Regulation (EEC) No 3153/ 85                    to adjust the monetary compensatory amounts, as
of 11 November 1985 laying down detailed rules for the                  referred to in Article 3a of Regulation (EEC) No
calculation of monetary compensatory amounts (7), as                    3152 /85, shall be as set out in 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 16 July 1990.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 12 July 1990.
                                                                                           For the Commission
                                                                                           Ray MAC SHARRY
                                                                                       Member ofthe Commission
 ') OJ  No L  164,   24. 6. 1985, p . 6.
 ') OJ  No L  182,   3. 7. 1987, p. 1 .
 J) OJ  No L  312,   18 . 11 . 1988 , p. 16.
 4) OJ  No L  168 ,  30. 6. 1990, p. 34.
 s) OJ  No L  122,   14. 5. 1990, p, 1 .                                 O   OJ No L 310,  21 . 11 ; 1985, p. 1 .
 ') See page 1 of this Official Journal.                                (,0) OJ No L 220,  29.  7. 1989, p. 8 .
 7) 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 .                                  (li) OJ No L  153, 13.  6. 1987, p. 1 .
 ---pagebreak--- 16. 7. 90                        Official Journal of the European Communities                              No L 183 /37
                                                        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              60,8591               55,2545          48,2868
              Dkr              0,509804             11,2552               10,2187           8,93008
              DM               0,133651 =            2,95069                2,67895         2,34113
               FF              0,448248              9,89620                8,98483         7,85183
                F1             0,150591              3,32466                3,01849         2,63785
              £ Irl            0,0498895             1,10144 '                —
                                                                                            0,873900
                £              0,0452950               —
                                                                            0,907906        0,793419
               Lit               —
                                                 2207,75               2 004,43         1 751,67
               Dr             13,1259              289,786               263,099          229,922
               Esc            11,7765              259,995               236,051          206,285
               Pta             8,24145             181,951               165,194          144,363