CELEX: 31990R2346
Language: en
Date: 1990-08-13 00:00:00
Title: Commission Regulation (EEC) No 2346/90 of 9 August 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 218 / 44                                  Official Journal of the European Communities                                13 . 8 . 90
                                             COMMISSION REGULATION (EEC) No 2346/90
                                                              of 9 August 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 (10), the
1677/ 85 of 11 June 1985 on monetary compensatory                        rates used to fix or, where appropriate, adjust the
amounts in agriculture (x), as last amended by Regulation                monetary compensatory amounts are to be used for the
(EEC) No 2205 /90 (2), 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 2205 /90, those rates
rules for the application of the system for the automatic                are also to he 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,
1848 /90 (4),
                                                                         HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts                                                            Article 1
introduced by Regulation (EEC) No 1677/ 85 are fixed
by Commission Regulation (EEC) No 1207/90 (5), as                        The conversion rates used to fix or, where appropriate,
last amended by Regulation (EEC) No 2345 /90 (6), on                     to adjust the monetary compensatory amounts, as
the basis of the central rates and, for certain Member                   referred to in Article 3a of Regulation (EEC) No
States, on the basis of the exchange rates referred to in                 3152/ 85 , shall be as set out in the Annex hereto.
Article 3 of Commission Regulation (EEC) No 3153 / 85                                                Article 2
of 11 November 1985 laying down detailed rules for the
calculation of monetary compensatory amounts (7), as                     This Regulation shall enter into force on 13 August
last amended by Regulation (EEC) No 3672/ 89 (');                         1990 .
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels, 9 August 1990 .
                                                                                             For the Commission
                                                                                             Ray MAC SHARRY
                                                                                         Member ofthe Commission
 •): OJ No L  164 ,   24 . 6 . 1985 , p . 6;
 2) OJ  No L  201 ,   31 . 7 . 1990 , p. 9.
 J) OJ  No L  312,    18 , 11 . 1988 , p. 16 .
 4) OJ  No L  168 ,   30 . 6 . 1990, p . 34 .
 5) OJ  No L  I 22 ,  14 . 5 . 1990, p . 1 .
 ') See page 1 of this Official Journal .                                 (') OJ No L 310, 21 . 11 . 1985 , p. 1 .
 ') OJ No L 310, 21 . 11 . 1985 , p. 4 .                                 (10) OJ No L 220, 29 . 7 . 1989, p . 8 .
 ') OJ No L 358 , 8 . 12 . 1989, p . 28 .                                (") OJ No L 164, 24 . 6. 1985 , p . 1 .
 ---pagebreak--- 13 . 8 . 90                        Official Journal of the European Communities                              No L 218 /45
                                                          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              60,7866               55,2545          48,2868
                Dkr              0,509804             11,2418               10,2187           8,93008
                DM               0,133651              2,94717               2,67895          2,34113
                 FF              0,448248              9,88440                8,98483         7,85183
                  F1             0,150591              3,32070               3,01849          2,63785
                £ Irl            0,0498895             1,10012                                0,873900
                  £              0,0453490                                   0,908990         0,794366
                 Lit                               2205,12               2 004,43         1 751,67
                 Dr             13,1909              290,875               264,402          231,061
                 Esc            11,7765 v            259,685               236,051          206,285
                 Pta             8,25241             181,975               165,414          144,555