CELEX: 31992R3390
Language: en
Date: 1992-11-26 00:00:00
Title: Commission Regulation (EEC) No 3390/92 of 25 November 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 and the agricultural conversion rates for the pigmeat sector in Spain and the United Kingdom

26 . 11.92                               Official Journal of the European Communities                           No L 345/49
                                      COMMISSION REGULATION (EEC) No 3390/92
                                                      of 25 November 1992
                  firing the representative market rates to be applied for certain amounts in die context of
                  the common agricultural policy and, in particular, for the calculation of the monetary
                  compensatory amounts and the agricultural conversion rates for the pigmeat sector in
                                                  Spain and the United Kingdom
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
                                                                    3578/88 of 17 November 1988 laying down detailed
                                                                    rules for the application of the system for the automatic
Having regard to the Treaty establishing the European               dismantlement of negative monetary compensatory
Economic Community,                                                 amounts ('), as last amended by Regulation (EEC) No
                                                                    3137/91 ("), those rates are to be the agricultural
                                                                    conversion rates applying to pigmeat; whereas, pursuant
                                                                    to Article 2 (4) of Council Regulation (EEC) No
                                                                    1676/85 ("), as last amended by Regulation (EEC) No
 Having regard to Council Regulation (EEC) No                       2205/90, those rates are also to be used for the
 1677/85 of 11 June 1985 on monetary compensatory                   conversion of certain other agricultural amounts;
amounts in agriculture ('), as last amended by Regu­                whereas the rates in question should be fixed to make it
lation (EEC) No 2205/90 (2), and in particular                      easier to use them ;
Article 9 ( 1 ) thereof,
                                                                    Whereas the measures provided for in this Regulation
                                                                    are in accordance with the opinion of the relevant
Whereas the monetary compensatory amounts                           management committees,
introduced by Regulation (EEC) No 1677/ 85 were fixed
by Commission Regulation (EEC) No 1641 /91 (3), as
last amended by Regulation (EEC) No 3389 (4), on the                HAS ADOPTED THIS REGULATION :
basis of the central rates and, for certain Member States,
on the basis of the exchange rates referred to in Article 3
of Commission Regulation (EEC) No 3153/85 of 11                                                Article 1
November 1985 laying down detailed rules for the calcu­
lation of monetary compensatory amounts ('), as last               The representative market rates referred to in Article 3a
amended by Regulation (EEC) No 3672/89 (*);                         of Regulation (EEC) No 3152/85, to be applied for
                                                                    certain amounts in the context of the common agri­
                                                                    cultural policy and used to fix or, where appropriate, to
                                                                    adjust the monetary compensatory amounts, are set put
                                                                   in the Annex hereto.
Whereas, in accordance with Article 3a of Commission
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             The agricultural conversion rates for the pigmeat sector
purposes of the common agricultural policy (7), as last             is fixed :
amended by Regulation (EEC) No 3237/90 (*), the
rates used to fix or, where appropriate, adjust the                — in Spain at ECU 1 — Spanish peseta 165,993,
monetary compensatory amounts, from this time forth                — in the United Kingdom at ECU 1 = £ 0,960016.
defined as representative market rates, are to be used for
the conversion into ecus of the amounts relating to world
market data and expressed in the national currency of a                                        Article 3
C)  oj No L 164, 24. 6. 1985, p. 6.                                This Regulation shall enter into force on 26 November
                                                                    1992 .
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.
C)  OJ No L 310, 21 . 11 . 1985, p. 4.
0)  OJ No L 358, 8. 12. 1989, p. 28 .                                (') OJ N6 L 312, 18. 11 . 1988, p. 16.
O   OJ No L 310, 21 . 11 . 1985, p. 1 .                            (,0) 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--- No L 345/50                     Official Journal of the European Communities                       26. 11.92
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 25 November 1992.
                                                                            For the Commission
                                                                            Ray MAC SHARRY
                                                                         Member ofthe Commission
 ---pagebreak--- 26. 11.92                        Official Journal of the European Communities                              No L 345 /51
                                                        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          2,38936              50,3085               55,2545          48,5563
              Dkr              0,441882              9,30394              10,2186           8,97989
              DM               0,115844              2,43913               2,67893          2,35418
               FF              0,388528              8,18055                8,98480         7,89563
                F1             0,130527              2,74828                3,01847         2,65256
              £ Irl            0,0432428             0,910487                 —             0,878776
                £              0,0474941               —                    1,09831         0,965171
               Lit               —               2 105,52              2 312,52         2 032,19
               Dr             15,0320              316,501               347,618          305,478
               Esc            10,3102              217,084               238,426          209,523
               Pta             8,36546             176,137               193,453          170,002