CELEX: 31991R1231
Language: en
Date: 1991-05-13 00:00:00
Title: Commission Regulation (EEC) No 1231/91 of 8 May 1991 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

13 . 5 . 91                                Official Journal of the European Communities                           No L 118 /51
                                         COMMISSION REGULATION (EEC) No 1231 /91
                                                           of 8 May 1991
                  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                                        laying down detailed rules for the application of Regu­
COMMUNITIES,                                                          lation (EEC) No 1676/85 on the value of the unit of
Having regard to the Treaty establishing the European                 account and the conversion rates to be applied for the
Economic Community,                                                   purposes of the common agricultural policy (9), as last
                                                                      amended by Regulation (EEC) No 3237/90 (10), the
Having regard to Council Regulation (EEC) No                          rates used to fix or, where appropriate, adjust the
1677/85 of 11 June 1985 on monetary compensatory                      monetary compensatory amounts, from this time forth
amounts in agriculture (*), as last amended by Regulation             defined as representative market rates, are to be used for
(EEC) No 2205/90 (2), and in particular Article 9 (2)                 the conversion into ecus of the amounts relating to world
thereof,                                                              market data and expressed in the national currency of a
                                                                      Member State ; whereas, pursuant to Article 2 (4) of
Having regard to Commission Regulation (EEC) No                       Council Regulation (EEC) No 1676/85 ("), as last
3578 / 88 of 17 November 1988 laying down detailed                    amended by Regulation (EEC) No 2205/90, those rates
rules for the application of the system for the automatic             are also to be used for the conversion of certain other
dismantlement of negative monetary compensatory                       agricultural amounts ; whereas the rates in question
amounts (3), as last amended by Regulation (EEC) No                   should be fixed to make it easier to use them,
287/91 (4), and in particular Article 7 thereof,
Whereas the monetary compensatory amounts                             HAS ADOPTED THIS REGULATION :
introduced by Regulation (EEC) No 1677/ 85 were fixed                                             Article 1
by Commission Regulation (EEC) No 1207/90 (5), as
last amended by Regulation (EEC) No 1230/91 ('), on                  The representative market rates referred to in Article 3 a
the basis of the central rates and, for certain Member                of Regulation (EEC) No 3152/85, to be applied for
States, on the basis of the exchange rates referred to in             certain amounts in the context of the common agri­
Article 3 of Commission Regulation (EEC) No 3153/ 85                  cultural policy and used to fix or, where appropriate, to
of 11 November 1985 laying down detailed rules for the                adjust the monetary compensatory amounts, shall be set
calculation of monetary compensatory amounts (7), as                  out in the Annex hereto.
last amended by Regulation (EEC) No 3672/89 (');
                                                                                                  Article 2
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152/85 of 11 November 1985                      This Regulation shall enter into force on 13 May 1991 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 8 May 1991 .
                                                                                        For the Commission
                                                                                        Ray MAC SHARRY
                                                                                     Member ofthe Commission
(') OJ   No L 164, 24.   6. 1985, p. 6.
(2) OJ   No L 201 , 31 . 7. 1990, p. 9.
C)  OJ   No L 312, 18.   11 . 1988, p. 16.
O   OJ   No L 35, 7. 2.  1991 , p. 10.
(*) OJ   No L 122 , 14.  5. 1990, p. 1 .
(6) See page 1 of this Official Journal.                               (') OJ No L 310, 21 . 11 . 1985, p. 1 .
O OJ No L 310, 21 . 11 . 1985, p. 4.                                 (10) OJ No L 310, 9. 11 . 1990, p. 18 .
(•) OJ No L 358 , 8 . 12. 1989, p. 28 .                              (") OJ No L 164, 24 . 6. 1985, p. 1 .
 ---pagebreak--- No L 118 /52                         Official Journal of the European Communities                                13 . 5 . 91
                                                              ANNEX
             Representative market rates to be applied for certain amounts in the context of the common agricul­
                  tural policy and, in particular, for the calculation of the monetary compensatory amounts
                                   100 Lit                   1 £                 1 £ Irl             1 ECU
               Bfrs/Lfrs           2,75661                60,9390               55,2545            48,5563
                 Dkr               0,509801               11,2699               10,2186              8,97989
                 DM                0,133650                2,95454               2,67893             2,35418
                  FF               0,448246                9,90915               8,98480             7,89563
                   F1              0,150590                3,32901               3,01847             2,65256
                 £ Irl             0,0498894               1,10288                                   0,878776
                   £               0,0452356                                     0,906718            0,796802
                  Lit                                 2 210,65               2 004,44           1 761,45
                  Dr              14,5763               322,231                292,172            256,754
                  Esc             11,5083               254,408                230,677            202,713
                  Pta              8,27477               182,926               165,863            145,756