CELEX: 31991R2921
Language: en
Date: 1991-10-07 00:00:00
Title: Commission Regulation (EEC) No 2921/91 of 4 October 1991 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

7. 10. 91                                Official Journal of the European Communities                           No L 279/ 41
                                       COMMISSION REGULATION (EEC) No 2921 /91
                                                        of 4 October 1991
                 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                                     amended by Regulation (EEC) No 3237/90 (*), the
COMMUNITIES,                                                       rates used to fix or, where appropriate, adjust the
                                                                   monetary compensatory amounts, from this time forth
Having regard to the Treaty establishing the European              defined as representative market rates, are to be used for
Economic Community,                                                the conversion into ecus of the amounts relating to world
Having regard to Council Regulation (EEC) No                       market data and expressed in the national currency of a
 1677/85 of 11 June 1985 on monetary compensatory                  Member State; whereas, pursuant to Article 2 (4) of
amounts in agriculture (*), as last amended by Regu­               Council Regulation (EEC) No 1676/ 85 (*), as last
lation (EEC) No 2205/90 (2), and in particular                     amended by Regulation (EEC) No 2205/90, those rates
                                                                   are also to be used for the conversion of certain other
Article 9 (2) thereof,
                                                                   agricultural amounts ; whereas the rates in question
Whereas the monetary compensatory amounts                          should be fixed to make it easier to use them,
introduced by Regulation (EEC) No 1677/ 85 were fixed
                                                                   HAS ADOPTED THIS REGULATION :
by Commission Regulation (EEC) No 1641 /91 (3), as
last amended by Regulation (EEC) No 2920/91 (4), 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 representative market rates referred to in Article 3a
of 11 November 1985 laying down detailed rules for the             of Regulation (EEC) No 3152/85, to be applied for
calculation of monetary compensatory amounts (5), as               certain amounts in the context of the common agri­
last amended by Regulation (EEC) No 3672/89 (*);                   cultural policy and used to fix or, where appropriate, to
                                                                   adjust the monetary compensatory amounts, are set out
Whereas, in accordance with Article 3a of Commission               in the Annex hereto.
Regulation (EEC) No 3152/ 85 of 11 November 1985
laying down detailed rules for the application of Regu­                                      Article 2
lation (EEC) No 1676/ 85 on the value of the unit of
account and the conversion rates to be applied for the             This Regulation shall enter into force on 7 October
purposes of the common agricultural policy (7), as last             1991 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 4 October 1991 .
                                                                                     For the Commission
                                                                                     Ray MAC SHARRY
                                                                                 Member ofthe Commission
o   OJ No L 164, 24. 6. 1985, p. 6.
O   OJ No L 201 , 31 . 7. 1990, p. 9.
O   OJ No L 153, 17 . 6. 1991 , p. 1 .
(4) See page 1 of this Official Journal.
O   OJ No L 310, 21 . 11 . 1985, p. 4.
(') OJ No L 358 , 8 . 12. 1989, p. 28.                             (') OJ No L 310, 9. 11 . 1990, p. 18 .
(') JO No L 310, 21 . 11 . 1985, p. 1 .                            O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 279/42                         Official Journal of the European \Communities                               7 . 10 . 91
                                                             ANNEX
            Representative market rates to be applied for certain amounts in the context of the common agricul­
                 tural policy and, in particular, tor the calculation of the monetary compensatory amounts
                                  100 lit                   1 £                   1 £ Irl           1 ECU
              Bfrs/Lfrs           2,75661                60,5140               . 55,2545          48,5563
                Dkr               0,509801               11,1913                 10,2186            8,97989
                DM                0,133650                2,93393                 2,67893           2,35418
                 FF               0,448246                9,84004                 8,98480           7,89563
                  F1              0,150590                3,30579                 3,01847           2,65256
                £ Irl             0,0498894               1,09519                   —               0,878776
                  £               0,0455533                 —                     0,913086          0,802398
                 Lit                —                2 195,23               2 004,44           1 761,45
                 Dr              14,7377                323,526               295,407            259,597
                 Esc             11,5315                253,144               231,142            203,122
                 Pta              8,42334               184,912               168,841            148,373