CELEX: 31990R3702
Language: en
Date: 1990-12-24 00:00:00
Title: Commission Regulation (EEC) No 3702/90 of 20 December 1990 fixing the market conversion 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

24 . 12 . 90                             Official Journal of the European Communities                         No L 361 /43
                                      COMMISSION REGULATION (EEC) No 3702/90
                                                      of 20 December 1990
                 fixing the market conversion 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                                      lation (EEC) No 1676/ 85 on the value of the unit of
COMMUNITIES,                                                        account and the conversion rates to be applied for the
Having regard to the Treaty establishing the European              purposes of the common agricultural policy ('), as last
Economic Community,                                                 amended by Regulation .(EEC) No 3237/90 (10), the
                                                                   rates used to fix or, where appropriate, adjust the
Having regard to Council Regulation (EEC) No                        monetary compensatory amounts, from this time forth
 1677/ 85 of 11 June 1985 on monetary compensatory                 defined as market conversion rates, are to be used for
amounts in agriculture (*), as last amended by Regulation          the conversion into ecus of the amounts relating to world
(EEC) No 2205/90 (2), and in particular Article 9 (2)               market data and expressed in the national currency of a
thereof,                                                            Member State ; whereas, pursuant to Article 2(4) of
Having regard to Commission Regulation (EEC) No                     Council Regulation (EEC) No 1676/85 ("), as last
3578 /88 of 17 November 1988 laying down detailed                   amended by Regulation (EEC) No 2205 /90 , those rates
rules for the application of the system for the automatic           are also to be used for the conversion of certain other
dismantlement of negative monetary compensatory                     agricultural amounts ; whereas the rates in question
amounts (3), as last amended by Regulation (EEC) No                should be fixed to make it easier to use them,
3219/90 (4), and in particular Article 7 thereof,
                                                                   HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/ 85 are fixed                                            Article 1
by Commission Regulation (EEC) No 1207/90 (s), as
last amended by Regulation (EEC) No 3701 /90 ('), on               The market conversion rates referred to in Article 3a of
the basis of the central rates and, for certain Member             Regulation (EEC) No 3152/85, to be applied for certain
States, on the basis of the exchange rates referred to in          amounts in the context of the common agricultural
Article 3 of Commission Regulation (EEC) No 3153/85                policy and used to fix or, where appropriate, to adjust
of 11 November 1985 laying down detailed rules for the             the monetary compensatory amounts, shall be set out in
calculation of monetary compensatory amounts (7), as               the Annex hereto .
last amended by Regulation (EEC) No 3672/ 89 (*);
                                                                                                Article 2
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152 /85 of 11 November 1985                   This Regulation shall enter into force on 24 December
laying down detailed rules for the application of Regu              1990 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 20 December 1990.
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                  Member ofthe Commission
(') OJ No L 164, 24 . 6. 1985, p. 6.
(J) OJ No L 201 , 31 . 7. 1990, p. 9.
C)  OJ No L 312, 18 . 11 . 1988, p. 16.
C)  OJ No L 308, 8. 11 . 1990, p. 21 .
C)  OJ No L 122, 14. 5. 1990, p. 1 .
(') See page 1 of this Official Journal.                             (') OJ No L 310, 21 . 11 . 1985, p. 1 .
O   OJ No L 310, 21 . 11 . 1985, p. 4.                             (,0) OJ No L 310, 9. 11 . 1990, p. 18 .
(•) OJ No L 358, 8 . 12. 1989, p. 28.                              (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 361 /44                          Official Journal of the European Communities                               24 . 12 . 90
                                                               ANNEX
             Market conversion 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
                                    100 Lit                   1 £                1 £ Irl             1 ECU
              Bfrs/Lfrs             2,75661               59,7595               55,2545             48,5563
                 Dkr                0,509801              11,0518               10,2186              8,97989
                 DM                 0,133650                2,89735              2,67893             2,35418
                  FF                0,448246                9,71736              8,98480             7,89563
                  F1                0,150590                3,26458              3,01847             2,65256
                 £ Irl              0,0498894               1,08153                —
                                                                                                     0,878776
                   £                0,0461284                 —
                                                                                 0,924613            0,812528
                  Lit                 —
                                                       2 167,86              2 004,44            1 761,45
                  Dr               13,8325               299,870               277,264             243,653
                 Esc               11,8123               256,075               236,770             208,068
                 Pta                8,47154              183,652               169,807             149,222