CELEX: 31992R3757
Language: en
Date: 1992-12-28
Title: Commission Regulation (EEC) No 3757/92 of 23 December 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

28 . 12 . 92                                  Official Journal of the European Communities                             No L 382/45
                                            COMMISSION REGULATION (EEC) No 3757/92
                                                           of 23 December 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                                            the conversion into ecus of the amounts relating to world
COMMUNITIES,                                                              market data and expressed in the national currency of a
                                                                          Member State ; whereas, pursuant to Article 6a of Regu­
Having regard to the Treaty establishing the European                     lation (EEC) No 1677/85 and without prejudice to
Economic Community,                                                       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                 (2), and in particular            amounts (*), as last amended by Regulation (EEC) No
Article 9 (2) 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 3756/92 (4), on                       conversion of certain other agricultural amounts;
the 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 (*), as                                               Article 1
last amended by Regulation (EEC) No 3672/89 (');
                                                                          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 Q, 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 28 December
defined as representative market rates, are to be used for                1992 .
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels, 23 December 1992.
                                                                                            For the Commission
                                                                                            Ray MAC SHARRY
                                                                                         Member ofthe Commission
O OJ No L 164, 24. 6. 1985, p. 6.
0 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.
(5) OJ  No   L 310,  21 . 11 . 1985, p. 4.
0)  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 382/46                        Official Journal of the European Communities                              28 . 12 . 92
                                                          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          2,30609              50,9602               55,2545          48,5563
                Dkr              0,426483              9,42446              10,2186           8,97989
                DM               0,111807              2,47073                2,67893         2,35418
                 FF              0,374988              8,28652                8,98480         7,89563
                  F1             0,125978              2,78388                3,01847         2,65256
                £ Irl            0,0417358             0,922282                 —             0,878776
                  £              0,0452527               —                    1,08427         0,952828
                 Lit               —               2 209,81              2 396,03         2 105,57
                 Dr             14,7710              326,410               353,916          311,013
                 Esc             9,95089             219,896               238,426          209,523
                 Pta             7,94013             175,462               190,248          167,185