CELEX: 31990R1208
Language: en
Date: 1990-05-14 00:00:00
Title: Commission Regulation (EEC) No 1208/90 of 11 May 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 122 / 82                            Official Journal of the European Communities                                14 . 5 . 90
                                       COMMISSION REGULATION (EEC) No 1208/90
                                                         of 11 May 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                                     amended by Regulation (EEC) No 2300/89 (7), the rates
COMMUNITIES,                                                       used to fix or, where appropriate, adjust the monetary
                                                                   compensatory amounts are to be used for the conversion
Having regard to the Treaty establishing the European              into ecus of the amounts relating to world market data
Economic Community,                                                and expressed in the national currency of a Member
Having regard to Council Regulation (EEC) No                       State ; whereas, pursuant to Article 2 (4) of Council
1677/ 85 of 11 June 1985 on monetary compensatory                  Regulation (EEC) No 1676/ 85 (s), as last amended by
amounts in agriculture ('), as last amended by Regulation          Regulation (EEC) No 1636/87 ('), those rates are also to
(EEC) No 1889/ 87 (2), and in particular Article 12                be used for the conversion of certain other agricultural
thereof,                                                            amounts ; whereas the rates in question should be fixed
                                                                   to make it easier to use them ;
Whereas      the     monetary        compensatory     amounts
introduced by Regulation (EEC) No 1677/ 85 are fixed               Whereas the measures provided for in this Regulation
                                                                   are in accordance with the opinions of the relevant
by Commission Regulation (EEC) No 1207/90 (3) on the               management committees,
basis of the central rates and, for certain Member States,
on the basis of the exchange rates referred to in Article 3        HAS ADOPTED THIS REGULATION :
of Commission Regulation (EEC) No 3153/ 85 of 11
November 1985 laying down detailed rules for the calcu­                                        Article 1
lation of monetary compensatory amounts (4), as last
amended by Regulation (EEC) No 3672 / 89 (5);                      The conversion rates used to fix or, where appropriate,
Whereas, in accordance with Article 3a of Commission               to adjust the monetary compensatory amounts, as
Regulation (EEC) No 3152/ 85 of 11 November 1985                   referred to in Article 3a of Regulation (EEC) No
                                                                    3152 / 85, shall be as set out in the Annex hereto.
laying down detailed rules for the application of Regu­
lation (EEC) No 1676/ 85 on the value of the unit of                                           Article 2
account and the conversion rates to be applied for the
purposes of the common agricultural policy (6), as last            This Regulation shall enter into force on 14 May 1990.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 11 May 1990.
                                                                                       For the Commission
                                                                                       Ray MAC SHARRY
                                                                                   Member ofthe Commission
0) OJ No L 164, 24. 6. 1985 , p. 6.
O OJ No L 182 , 3 . 7 . 1987 , p. 1 ,
(J) See page 1 of this Official Journal.
(4) OJ No: L 310, 21 . 11 . 1985 , p. 4.                            O OJ No L 220, 29. 7 . 1989, p. 8 .
O OJ No L 358 , 8 . 12. 1989, p. 28 .                               (') OJ No L I 64, 24. 6 . 1985, p. 1 .
(*) OJ No L 310, 21 . 11 . 1985 , p. 1 .                            O OJ No L 153 , 13 . 6 . 1987, p. 1 .
 ---pagebreak--- 14 . 5 . 90                                    Official Journal of the European Communities                         No L 122 / 83
                                                                         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                  56,8301               55,2545      48,2868
                       Dkr                  0,509804                 10,5101               10,2187       8,93008
                       DM                   0,133651                  2,75534               2,67895      2,34113
                        FF                  0,448248                  9,24103                8,98483     7,85183
                         F1                 0,150591                  3,10456               3,01849      2,63785
                       £ Irl                0,0498895                 1,02852                  —         0,873900
                         £                  0,0485060                   —                   0,972274     0,849670
                        Lit                    —                  2 061,59              2 004,43     1 751,67
                        Dr                 13,1643                  271,394               263,869      230,595
                        Esc                11,8117                  243,509               236,757      206,902
                        Pta                 8,40815                 173,341               168,535      147,283
                                                          COMMISSION NOTICE
                                        Subject : Adjustment of agricultural conversion rates
            The date referred to in the first subparagraph of Article 1 (2) of Commission Regulation
            (EEC) No 3152/ 85 (*), as last amended by Commission Regulation (EEC) No 2300/ 89 (2), and
            the second subparagraph of Article 6 (3) of Commission Regulation (EEC) No 3155/85 (5), as
            last amended by Commission Regulation (EEC) No 3247/ 89 (4), is 27 April 1990.
            C)  OJ No L  310,  21 . 11 . 1985 , p. 1 .
            O   OJ No L 220,   29.  7. 1989, p. 8 .
            C)  OJ No L  310 , 21 . 11 . 1985 , p . 22 .
            (4) OJ No L  314,  28 . 10. 1989, p . 51 .