CELEX: 31990R0977
Language: en
Date: 1990-04-23 00:00:00
Title: Commission Regulation (EEC) No 977/90 of 19 April 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

23 . 4 . 90                                  Official Journal of the European Communities                             No L 103 / 1
                                                                     I
                                                   (Acts whose publication is obligatory)
                                           COMMISSION REGULATION (EEC) No 977/90
                                                            of 19 April 1990
                    flying 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 1889/87 (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 (u)> 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
dismantiement of negative monetary compensatory                          other agricultural amounts ; whereas the rates in question
amounts (*), 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 (5), as
last amended by Regulation (EEC) No 957/89 (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 23 April 1990 .
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States.
                    Done at Brussels, 19 April 1990.
                                                                                            For the Commission
                                                                                            Ray MAC SHARRY
                                                                                        Member ofthe Commission
 1) OJ   No L  164, 24. 6. 1985, p. 6.
 2) OJ   No L  182, 3. 7. 1987, p. 1 .
 3) OJ   No L  312, 18 . 11 . 1988 , p. 16 .
 4) OJ   No L  82 , 29. 3 . 1990, p. 24.
 *) OJ   No L  188, 1 . 7. 1989, p. 1 .                                   O   OJ No L  310, 21 . 11 . 1985, p. 1 .
 6) OJ   No L  97, 16. 4. 1990, p. 1 .                                   (10) 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 .                               (")  OJ No L  100, 20.  4. 1990, p. 8 .
 ---pagebreak--- No L 103 / 2                        Official Journal of the European Communities                              23 . 4 . 90
                                                           ANNEX
             Conversion rates used for the calculation of monetary compensatory amounts and to be applied for
                                          certain amounts in the agricultural sector
                                                                  i
                                  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
             F1                   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         1751,67
             Dr                  12,9947               266,662              260,470          227,625
             Ese                 11,8117               242,385              236,757          206,902
             Pta                  8,56457              175,751              171,671          150,023