CELEX: 31990R2445
Language: en
Date: 1990-08-27 00:00:00
Title: Commission Regulation (EEC) No 2445/90 of 23 August 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 232 /44                              Official Journal of the European Communities                              27 . 8 . 90
                                       COMMISSION REGULATION (EEC) No 2445/90
                                                        of 23 August 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                                      purposes of the common agricultural policy (7), as last
COMMUNITIES,                                                        amended by Regulation (EEC) No 2300/ 89 (8), the rates
Having regard to the Treaty establishing the European               used to fix or, where appropriate, adjust the monetary
Economic Community,                                                 compensatory amounts are to be used for the conversion
                                                                    into ecus of the amounts relating to world market data
Having regard to Council Regulation (EEC) No                         and expressed in the national currency of a Member
 1677/85 of 11 June 1985 on monetary compensatory                    State ; whereas, pursuant to Article 2(4) of Council
amounts in agriculture (*), as last amended by Regulation           Regulation (EEC) No 1676/ 85 ('), as last amended by
(EEC) No 2205 /90 (2), and in particular Article 9 (2)              Regulation (EEC) No 2205/90, those rates are also to be
thereof,                                                            used for the conversion of certain other agricultural
                                                                     amounts ; whereas the rates in question should be fixed
Whereas the monetary compensatory amounts                           to make it easier to use them,
introduced by Regulation (EEC) No 1677/ 85 are fixed
by Commission Regulation (EEC) No 1207/90 (5), as
last amended by Regulation (EEC) No 2444/90 (4), on                 HAS ADOPTED THIS REGULATION :
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in                                    Article 1
Article 3 of Commission Regulation (EEC) No 3153 / 85
of 11 November 1985 laying down detailed rules for the              The conversion rates used to fix or, where appropriate,
calculation of monetary compensatory amounts (s), as                to adjust the monetary compensatory amounts, as
last amended by Regulation (EEC) No 3672/89 (6);                    referred to in Article 3a of Regulation (EEC) No
                                                                    3152/ 85, shall be as set out in the Annex hereto.
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152/ 85 of 11 November 1985                                             Article 2
laying down detailed rules for the application of Regu­
lation (EEC) No 1676/85 on the value of the unit of                 This Regulation shall enter into force on 27 August
account and the conversion rates to be applied for the               1990 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 23 August 1990.
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                   Member ofthe Commission
0)  OJ No L 164, 24. 6. 1985 , p. 6.
O   OJ; No L 201 , 31 . 7. 1990, p. 9.
(5) OJ No L 122, 14. 5. 1990, p. 1 .
(4) See page 1 of this. Official Journal.                           O OJ No L 310, 21 . 11 . 1985, p. 1 .
(s) OJ No L 310, 21 . 11 . 1985, p. 4.                              (') OJ No L 220, 29. 7. 1989, p. 8.
0)  OJ No L 358 , 8 . 12. 1989, p. 28 .                             O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- 27 . 8 . 90                        Official Journal of the European Communities                              No L 232 /45
                                                           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               61,3546              55,2545          48,2868
                Dkr              0,509804              11,3468              10,2187           8,93008
                DM               0,133651               2,97471               2,67895         2,34113
                 FF              0,448248               9,97676               8,98483         7,85183
                  F1             0,150591               3,35173               3,01849         2,63785
                £ Irl            0,0498895              1,11040                               0,873900
                  £              0,0449290                                    0,900574        0,787012
                 Lit                                2 225,72             2 004,43         1 751,67
                 Dr             13,1909               293,5W               264,402          231,061
                 Esc            11,7765               262,112              236,051          206,285
                 Pta             8,25070              183,638              165,379          144,525