CELEX: 31992R1179
Language: en
Date: 1992-05-11 00:00:00
Title: Commission Regulation (EEC) No 1179/92 of 7 May 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

11.5 . 92                                Official Journal of the European Communities                           No L 125 /47
                                        COMMISSION REGULATION (EEC) No 1179/92
                                                          of 7 May 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                                      defined as representative market rates, are to be used for
COMMUNITIES,                                                        the conversion into ecus of the amounts relating to world
                                                                    market data and expressed in the national currency of a
Having regard to the Treaty establishing the European               Member State; whereas, pursuant to Article 6a of Regu­
Economic Community,                                                 lation (EEC) No 1677/85 and without prejudice to
                                                                    Article 7 (2) of Commission Regulation (EEC) No
Having regard to Council Regulation (EEC) No                        3578 /88 of 17 November 1988 laying down detailed
1677/85 of 11 June 1985 on monetary compensatory                    rules for the application of the system for the automatic
amounts in agriculture (*), as last amended by Regu­                dismantlement of negative monetary compensatory
lation (EEC) No 2205/90 (*), and in particular Article 9            amounts ('), as last amended by Regulation (EEC) No
thereof,                                                            3137/91 (10), those rates are to be the agricultural
                                                                    conversion rates applying to pigmeat; whereas, pursuant
Whereas the monetary compensatory amounts                           to Article 2 (4) of Council Regulation (EEC) No
introduced by Regulation (EEC) No 1677/85 were fixed                1676/85 ("), as last amended by Regulation (EEC) No
by Commission Regulation (EEC) No 1641 /91 (J), as                  2205/90, those rates are also to be used for the
last amended by Regulation (EEC) No 1178 /92 (4), on                conversion of certain other agricultural amounts ;
die basis of the central rates and, for certain Member              whereas the rates in question should be fixed to make it
States, on the basis of the exchange rates referred to in           easier to use them,
Article 3 of Commission Regulation (EEC) No 3153/85
of 11 November 1985 laying down detailed rules for the              HAS ADOPTED THIS REGULATION :
calculation of monetary compensatory amounts (5), as
                                                                                              Article 1
last amended by Regulation (EEC) No 3672/89 (6);
                                                                    The representative market rates referred to in Article 3a
Whereas, in accordance with Article 3a of Commission                of Regulation (EEC) No 3152/85, to be applied for
Regulation (EEC) No 3152/85 of 11 November 1985                     certain amounts in the context of the common agri­
laying down detailed rules for the application of Regu­             cultural policy and used to fix or, where appropriate, to
lation (EEC) No 1676/85 on the value of the unit of                 adjust the monetary compensatory amounts, are set out
account and the conversion rates to be applied for the              in the Annex hereto.
purposes of the common agricultural policy ('), as last
amended by Regulation (EEC) No 3237/90 (*), the                                               Article 2
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth                 This Regulation shall enter into force on 11 May 1992.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 7 May 1992.
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                   Member ofthe Commission
0) OJ No L 164, 24. 6. 1985, p. 6.
(2) OJ No L 201 , 31 . 7. 1990, p. 9.
C) OJ No L 153, 17. 6. 1991 , p. 1 .
(4) See page 1 of this Official Journal,
(5) 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.
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 125/48                          Official Journal of the European Communities                               11 . 5 . 92
                                                              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               60,2887                55,2545            48,5563
                Dkr                0,509801               11,1497               10,2186              8,97989
                DM                 0,133650                2,92301               2,67893             2,35418
                 FF                0,448246                9,80341               8,98480             7,89563
                  F1               0,150590                3,29349               3,01847             2,65256
                £ Irl              0,0498894               1,09111                 —
                                                                                                    0,878776
                  £                0,0457235                 —
                                                                                 0,916497           0,805396
                 Lit                 —
                                                      2 187,06               2 004,44           1 761,45
                 Dr               15,6570               342,428                313,834            275,790
                 Esc             11,3061                247,272                226,624            199,152
                 Pta               8,37861              183,245                167,944            147,585