CELEX: 31992R1972
Language: en
Date: 1992-07-20 00:00:00
Title: Commission Regulation (EEC) No 1972/92 of 16 July 1992 fixing the representative market rates to be applied for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts

No L 202 /42                                Official Journal of the European Communities                                 20 . 7 . 92
                                          COMMISSION REGULATION (EEC) No 1972/92
                                                            of 16 July 1992
                   fixing the representative market rates to be applied for certain amounts in the context of
                   the common agricultural policy and, in particular, for the calculation of the monetary
                                                         compensatory amounts
THE COMMISSION OF THE EUROPEAN                                         defined as representative market rates, are to be used for
COMMUNITIES,                                                           the conversion into ecus of the amounts relating to world
                                                                       market data and expressed in the national currency of a
Having regard to the Treaty establishing the European                  Member State ; whereas, pursuant to Article 6a of Regu­
Economic Community,                                                    lation (EEC) No 1677/85 and without prejudice to
                                                                       Article 7 (2) of Commission Regulation (EEC) No
Having regard to Council Regulation (EEC) No                           3578/88 of 17 November 1988 laying down detailed
1677/85 of 11 June 1985 on monetary compensatory                       rules for the application of the system for the automatic
amounts in agriculture ('), as last amended by Regu­                   dismantlement of negative monetary compensatory
lation (EEC) No 2205/90 (*), and in particular                         amounts (*), as last amended by Regulation (EEC) No
Articles 9 and 6a thereof,                                             3137/91 (10), those rates are to be the agricultural
                                                                       conversion rates applying to pigmeat; whereas, pursuant
Whereas      the        monetary        compensatory     amounts       to Article 2 (4) of Council Regulation (EEC) No
introduced by Regulation (EEC) No 1677/ 85 were fixed                  1676/85 (u), as last amended by Regulation (EEC) No
by Commission Regulation (EEC) No 1641 /91 (}), as                     2205 /90, those rates are also to be used for the
last amended by Regulation (EEC) No 1971 /92 (4), on                   conversion of certain other agricultural amounts ;
the basis of the central rates and, for certain Member                 whereas the rates in question should be fixed to make it
States, on the basis of the exchange rates referred to in              easier to use them,
Article 3 of Commission Regulation (EEC) No 3153 / 85
of 11 November 1985 laying down detailed rules for the                 HAS ADOPTED THIS REGULATION :
calculation of monetary compensatory amounts (s), as
                                                                                                 Article 1
last amended by Regulation (EEC) No 3672/ 89 (4);
                                                                       The representative market rates referred to in Article 3a
Whereas, in accordance with Article 3a of Commission                   of Regulation (EEC) No 3152/ 85, to be applied for
Regulation (EEC) No 3152/85 of 11 November 1<?85                       certain amounts in the context of the common agri­
laying down detailed rules for the application of Regu­                cultural policy and used to fix or, where appropriate, to
lation (EEC) No 1676/85 on the value of the unit of                    adjust the monetary compensatory amounts, are set out
account and the conversion rates to be applied for the                 in the Annex hereto.
purposes of the common agricultural policy (7), as last
amended by Regulation (EEC) No 3237/90 (*), the                                                  Article 2
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth                    This Regulation shall enter into force on 20 July 1992.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels, 16 July 1992 .
                                                                                         For the Commission
                                                                                         Ray MAC SHARRY
                                                                                      Member ofthe Commission
 ') OJ No L 164, 24. 6. 1985 , p. 6 .
 *) OJ No L 201 , 31 . 7. 1990, p. 9.
 J) OJ No L 153, 17 . 6. 1991 , p. 1 .
 4) See page 1 of this Official Journal.
 s) OJ  No L  310,   21 . 11 . 1985, p. 4 .
 4) OJ  No L  358 ,  8 . 12 . 1989, p. 28 .                             O OJ No L 312, 18 . 11 . 1988 , p. 16.
 0  OJ  No L  310,   21 . 11 . 1985, p. 1 .                            (,0) OJ No L 297, 29. 10. 1991 , p. 17.
 •) OJ  No L  310,   9 . 11 . 1990, p. 18 .                            (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- 20 . 7. 92                        Official Journal of the European Communities                              No L 202/43
                                                         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          2,75661              59,4497               55,2545          48,5563
               Dkr              0,509801             10,9945               10,2186           8,97989
               DM               0,133650              2,88233               2,67893          2,35418
                FF              0,448246              9,66698                8,98480         7,89563
                 F1             0,150590              3,24765               3,01847          2,65256
               £ Irl            0,0498894             1,07593                  —
                                                                                             0,878776
                 £              0,0463688               —
                                                                            0,929433         0,816763
                Lit               —
                                                  2 156,62              2 004,44         1 761,45
                Dr             16,1971              349,311               324,661          285,304
                Esc            11,2446              242,504               225,391          198,068
                Pta             8,41409             181,460               168,655          148,210