CELEX: 31992R2503
Language: en
Date: 1992-09-01 00:00:00
Title: Commission Regulation (EEC) No 2503/92 of 28 August 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 255 /44                                 Official Journal of the European Communities                                 1 . 9. 92
                                          COMMISSION REGULATION (EEC) No 2503/92
                                                            of 28 August 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                                          Member State ; whereas, pursuant to Article 6a of Regu­
COMMUNITIES,                                                            lation (EEC) No 1677/85 and without prejudice to
                                                                       Article 7 (2) of Commission Regulation (EEC) No
Having regard to the Treaty establishing the European                   3578/88 of 17 November 1988 laying down detailed
Economic Community,                                                     rules for the application of the system for the automatic
Having regard to Council                 Regulation (EEC) No            dismantlement of negative monetary compensatory
1677/85 of 11 June 1985 on               monetary compensatory          amounts ('), as last amended by Regulation (EEC) No
amounts in agriculture (*), as           last amended by Regu­          3137/91 (l0), those rates are to be the agricultural
lation (EEC) No 2205/90                 (*), and in particular          conversion rates applying to pigmeat; whereas, pursuant
Article 9 ( 1 ) thereof,                                               to Article 2 (4) of Council Regulation (EEC) No
                                                                        1676/85 ("), as last amended by Regulation (EEC) No
Whereas       the       monetary        compensatory      amounts       2205/90, those rates are also to be used for the
introduced by Regulation (EEC) No 1677/85 were fixed                   conversion of certain other agricultural amounts ;
by Commission Regulation (EEC) No 1641 /91 (J), as                     whereas the rates in question should be fixed to make it
last amended by Regulation (EEC) No 2502/92 (4), on                     easier to use them ;
the basis of the central rates and, for certain Member
                                                                       Whereas the measures provided for in this Regulation
States, on the basis of the exchange rates referred to in               are in accordance with the opinion of the Management
Article 3 of Commission Regulation (EEC) No 3153/85                     Committee for Wine,
of 11 November 1985 laying down detailed rules for the
calculation of monetary compensatory amounts (s), as                    HAS ADOPTED THIS REGULATION :
last amended by Regulation (EEC) No 3672/ 89 (6);
Whereas, in accordance with Article 3a of Commission                                              Article 1
Regulation (EEC) No 3152/ 85 of 11 November 1985                       The representative market rates referred to in Article 3a
laying down detailed rules for the application of Regu­                of Regulation (EEC) No 3152/85, to be applied for
lation (EEC) No 1676/85 on the value of the unit of                     certain amounts in the context of the common agri­
account and the conversion rates to be applied for the                  cultural policy and used to fix or, where appropriate, to
purposes of the common agricultural policy (7), as last                 adjust the monetary compensatory amounts, are set out
amended by Regulation (EEC) No 3237/90 (*), the                         in the Annex hereto.
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth                                               Article 2
defined as representative market rates, are to be used for
the conversion into" ecus of the amounts relating to world             This Regulation shall enter into force on 1 September
market data and expressed in the national currency of a                 1992 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels, 28 August 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.
 ') OJ  No L  358 ,  8 . 12 . 1989, p. 28 .                              O OJ No L 312, 18 . 11 . 1988 , p. 16.
 7) OJ  No L  310,   21 . 11 . 1985, p. 1 .                             H 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--- 1 . 9. 92                         Official Journal of the European Communities                                No L 255/45
                                                           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                58,8580               55,2545             48,5563
              Dkr               0,509801               10,8851               10,2186              8,97989
              DM                0,133650                2,85364               2,67893             2,35418
               FF               0,448246                9,57077               8,98480             7,89563
                F1              0,150590                3,21533               3,01847             2,65256
              £ Irl             0,0498894               1,06522                 —
                                                                                                  0,878776
                £               0,0468349                 —
                                                                              0,938775            0,824973
               Lit                —
                                                   2 135,16               2 004,44            1 761,45
               Dr              16,3666                349,453               328,057             288,289
               Esc             11,5483                246,575               231,479             203,418
               Pta              8,47660               180,989               169,908             149,311