CELEX: 31993R0032
Language: en
Date: 1993-01-09 00:00:00
Title: Commission Regulation (EEC) No 32/93 of 8 January 1993 amending the agricultural conversion rates

9 . 1 . 93                            Official Journal of the European Communities                            No L 5/ 19
                                     COMMISSION REGULATION (EEC) No 32/93
                                                     of 8 January 1993
                                       amending the agricultural conversion rates
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                     HAS ADOPTED THIS REGULATION :
 Having regard to the Treaty establishing the European                                    Article 1
 Economic Community,
                                                                 The agricultural conversion are hereby fixed at ECU 1 =
 Having regard to Council Regulation (EEC) No 3813/92
 of 28 December 1992 on the unit of account and the                 48,5563         Belgian francs and Luxembourg francs
 conversion rates to be applied for the purposes of the              8,97989        Danish kroner
 common agricultural policy ('), and in particular Article 3         2,35418        German marks
 ( 1 ) thereof,                                                   310,351           Greek drachmas
Whereas the agricultural conversion rates were fixed by            166,075          Spanish pesetas
 Commission Regulation (EEC) No 3822/92 (2) ;                        7,89563        French francs
                                                                     0,878776       Irish punt
Whereas Regulation (EEC) No 3813/92 provides that, if,           2133,00            Italian lire
 over a reference period, the absolute value of the dif­
 ference in the gaps between the currencies of any two               2,65256        Dutch guilders
 Member States exceeds four points, any monetary gaps for         209,523           Portuguese escudos
 the Member States concerned that exceed two points shall            0,939052       Pound sterling.
 immediately be reduced to two points ; whereas, on the
 basis of the reference period 1 to 10 January 1993, this                                 Article 2
 situation exists in respect of the Italian lira ; whereas a
 new agricultural conversion rate must therefore be fixed        This Regulation shall enter into force on 11 January
 for that currency,                                              1993 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 8 January 1993.
                                                                           For the Commission
                                                                             Rene STEICHEN
                                                                      Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 .
 2 OJ No L 387, 31 . 12. 1992, p. 26.