CELEX: 31990R1770
Language: en
Date: 1990-06-29 00:00:00
Title: Commission Regulation (EEC) No 1770/90 of 28 June 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

29 . 6 . 90                                  Official Journal of the European Communities                           No L 165 /49
                                           COMMISSION REGULATION (EEC) No 1770/90
                                                             of 28 June 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                                          lation (EEC) No 1676/ 85 on the value of the unit of
COMMUNITIES,                                                            account and the conversion rates to be applied for the
Having regard to the Treaty establishing the European                   purposes of the common agricultural policy ('), as last
Economic Community,                                                     amended by Regulation (EEC) No 2300/ 89 (10), the
                                                                        rates used to fix or, where appropriate, adjust the
Having regard to Commission Regulation (EEC) No                         monetary compensatory amounts are to be , used for the
3578 / 88 of 17 November 1988 laying down detailed                      conversion into ecus of the amounts relating to world
rules for the application of the system for the automatic               market data and expressed in the national currency of a
dismantlement of negative monetary compensatory                         Member State ; whereas, pursuant to Article 2 (4) of
amounts ('), as last amended by Regulation (EEC) No                     Council Regulation (EEC) No 1676/ 85 ("), as last
747/90 O,                                                               amended by Regulation (EEC) No 1636/87 (n), those
Having regard to Council Regulation (EEC) No                            rates are also to be used for the conversion of certain
1677/85 of 11 June 1985 on monetary compensatory                        other agricultural amounts ; whereas the rates in question
amounts in agriculture (3), as last amended by Regulation               should be fixed to make it easier to use them ;
(EEC) No 1889/87 (4), and in particular Article 12
thereof,                                                                Whereas the measures provided for in this Regulation
                                                                        are x in accordance with the opinion of the relevant
Whereas the monetary compensatory amounts                               management committees,
introduced by Regulation (EEC) No 1677/85 are fixed
by Commission Regulation (EEC) No 1207/90 (5), as                       HAS ADOPTED THIS REGULATION :
last amended by Regulation (EEC) No 1769/90 (6), on
the basis of the central rates and, for certain Member                                               Article 1
States, on the basis of the exchange rates referred to in
Article 3 of Commission Regulation (EEC) No 3153 /85                    The conversion rates used to fix or, where appropriate,
of 11 November 1985 laying down detailed rules for the                  to adjust the monetary compensatory amounts, as
calculation of monetary compensatory amounts (7), as                    referred to in Article 3a of Regulation (EEC) No
last amended by Regulation (EEC) No 3672/89 (8);                        3152/ 85, shall be as set out in the Annex hereto.
Whereas, in accordance with Article 3a of Commission                                                 Article 2
Regulation (EEC) No 3152/85 of 11 November 1985
laying down detailed rules for the application of Regu­                This Regulation shall enter into force on 1 July 1990.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 28 June 1990.
                                                                                           For the Commission
                                                                                           Ray MAC SHARRY
                                                                                       Member ofthe Commission
 ') OJ   No L 312, 18 . 11 . 1988 , p. 16.
 2) OJ   No L 82, 29. 3. 1990, p. 24.
 ') OJ   No L 164, 24. 6. 1985, p. 6.
 4) OJ   No L 182 , 3 . 7 . 1987 , p . 1 .
 5) OJ   No L 122, 14. 5. 1990, p. 1 .                                   O  OJ  No L 310,  21 . 11 . 1985, p. 1 .
 6) See page 1 of this Official Journal.                                H   OJ  No L 220,  29.  7 . 1989, p. 8 .
 0 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 153,  13.  6. 1987, p. 1 .
 ---pagebreak--- No L 165 / 50                        Official Journal of the European Communities                              29 . 6 . 90
                                                            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              59,5503               55,2545          48,2868
                  Dkr              0,509804             11,0131               10,2187           8,93008
                  DM               0,133651              2,88723               2,67895          2,34113
                   FF              0,448248              9,68337               8,98483          7,85183
                    F1             0,150591              3,25316               3,01849          2,63785
                  £ Irl            0,0498895             1,07775                  —
                                                                                                0,873900
                    £              0,0462910               —
                                                                               0,927860         0,810857
                   Lit               —
                                                     2 160,27              2 004,43         1 751,67
                   Dr             13,1259              283,554               263,099          229,922
                   Esc            11,7765              254,404               236,051          206,285
                   Pta             8,26012             178,441               165,568          144,690