CELEX: 31990R1905
Language: en
Date: 1990-07-09 00:00:00
Title: Commission Regulation (EEC) No 1905/90 of 5 July 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

9 . 7 . 90                               Official Journal of the European Communities                          No L 175 /43
                                       COMMISSION REGULATION (EEC) No 1905/90
                                                          of 5 July 1990
                 fixing the conversion rates used for the calculation of monetary compensatory amounts
                                and to be applied for certain amounts in the agricultural sector
THE COMMISSION OF THE EUROPEAN                                      purposes of the common agricultural policy (7), as last
COMMUNITIES,                                                        amended by Regulation (EEC) No 2300/89 (•), the rates
                                                                    used to fix or, where appropriate, adjust the monetary
Having regard to the Treaty establishing the European               compensatory amounts are to be used for the conversion
Economic Community,                                                 into ecus of the amounts relating to world market data
                                                                    and expressed in the national currency of a Member
Having regard to Council Regulation (EEC) No                        State; whereas, pursuant to Article 2 (4) of Council
1677/ 85 of 11 June 1985 on monetary compensatory                   Regulation (EEC) No 1676/85 (*), as last amended by
amounts in agriculture (1), as last amended by Regulation           Regulation (EEC) No 1636/87 (10), those rates are also
(EEC) No 1889/ 87 (2), and in particular Article 12                 to be used for the conversion of certain other agri­
thereof,                                                            cultural amounts ; whereas the rates in question should
                                                                    be fixed to make it easier to use them ;
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/85 are fixed                 Whereas the measures provided for in this Regulation
by Commission Regulation (EEC) No 1207/90 (J), as                   are in accordance r with the opinion of the relevant
last amended by Regulation (EEC) No 1904/90 (4), on                 management committees,
the basis of the central rates and, for certain Member              HAS ADOPTED THIS REGULATION :
States, on the basis of the exchange rates referred to in
Article 3 of Commission Regulation (EEC) No 3153/85
of 11 November 1985 laying down detailed rules for the                                          Article 1
calculation of monetary compensatory amounts (s), as                The conversion rates used to fix or, where appropriate,
last amended by Regulation (EEC) No 3672 /89 (6);                   to adjust the monetary compensatory amounts , as
Whereas, in accordance with Article 3a of Commission                referred to in Article 3a of Regulation (EEC) No
                                                                    3152/85, shall be as set out in the Annex hereto.
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              This Regulation shall enter into force on 9 July 1990.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 5 July 1990.
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                  Member ofthe Commission
0) OJ No L 164, 24 . 6. 1985 , p. 6.
O OJ No L 182, 3 . 7 . 1987, p. 1 .
(*) OJ No L 122, 14 . 5 . 1990, p. 1 .                               (') OJ No L 310, 21 .  11 . 1985 , p. 1 .
(4) See page 1 of this Official Journal.                             (•) OJ No L 220, 29 .  7. 1989, p. 8 .
C) OJ No L 310, 21 . 11 . 1985 , p. 4.                               (') OJ No L 164, 24 .  6. 1985, p. 1 .
C) OJ No L 358 , 8 . 12 . 1989, p. 28 .                              O   OJ No L 153,  13 . 6. 1987, p. 1 .
 ---pagebreak--- No L 175 /44                        Official Journal of the European Communities                              9 . 7 . 90
                                                           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          2,75662              59,5503               55,2545          48,2868
                 Dkr              0,509804             11,0131               10,2187           8,93008
                 DM               0,133651              2,88723               2,67895          2,34113
                  FF              0,448248              9,68337               8,98483          7,85183
                   F1             0,150591              3,25316               3,01849          2,63785
                 £ Irl            0,0498895             1,07775                  —
                                                                                               0,873900
                   £              0,0462910               —
                                                                              0,927860         0,810857
                  Lit               —
                                                    2 160,27              2 004,43         1 751,67
                  Dr             13,1259              283,554               263,099          229,922
                  Esc            11,7765              254,404               236,051          206,285
                  Pta             8,24145             178,038               165,194          144,363