CELEX: 32000R2296
Language: en
Date: 2000-10-16 00:00:00
Title: Commission Regulation (EC) No 2296/2000 of 16 October 2000 fixing, for September 2000, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector

17.10.2000             EN                       Official Journal of the European Communities                                      L 262/17
                                           COMMISSION REGULATION (EC) No 2296/2000
                                                            of 16 October 2000
               fixing, for September 2000, the specific exchange rate for the amount of the reimbursement of
                                                     storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                       amounts applying from 1 January 1999, as a result of
                                                                                  the introduction of the agrimonetary arrangements for
Having regard to the Treaty establishing the European                             the euro from that date, the fixing of the conversion rate
Community,                                                                        should be limited to the specific exchange rates
Having regard to Council Regulation (EC) No 2038/1999 of 13                       prevailing between the euro and the national currencies
September 1999 on the common organisation of the markets                          of the Member States that have not adopted the single
in the sugar sector (1), as amended by Commission Regulation                      currency.
(EC) No 1527/2000 (2),                                                     (2)    Application of these provisions will lead to the fixing,
Having regard to Council Regulation (EC) No 2799/98 of 15                         for September 2000, of the specific exchange rate for
December 1998 establishing agrimonetary arrangements for                          the amount of the reimbursement of storage costs in the
the euro (3),                                                                     various national currencies as indicated in the Annex to
                                                                                  this Regulation,
Having regard to Commission Regulation (EEC) No 1713/93 of
30 July 1993 establishing special detailed rules for applying the
agricultural conversion rate in the sugar sector (4), as last              HAS ADOPTED THIS REGULATION:
amended by Regulation (EC) No 1642/1999 (5), and in partic-
ular Article 1(3) thereof,                                                                             Article 1
Whereas:                                                                   The specific exchange rate to be used for converting the
(1)     Article 1(2) of Regulation (EEC) No 1713/93 provides               amount of the reimbursement of the storage costs referred to
        that the amount of the reimbursement of storage costs              in Article 8 of Regulation (EC) No 2038/1999 into national
        referred to in Article 8 of Regulation (EC) No 2038/               currency for September 2000 shall be as indicated in the
        1999 is to be converted into national currency using a             Annex hereto.
        specific agricultural conversion rate equal to the average,
        calculated pro rata temporis, of the agricultural conversion                                   Article 2
        rates applicable during the month of storage. That                 This Regulation shall enter into force on 17 October 2000.
        specific rate must be fixed each month for the previous
        month. However, in the case of the reimbursable                    It shall apply with effect from 1 September 2000.
                      This Regulation shall be binding in its entirety and directly applicable in all Member States.
                      Done at Brussels, 16 October 2000.
                                                                                       For the Commission
                                                                                          Franz FISCHLER
                                                                                    Member of the Commission
(1) OJ L  252, 25.9.1999, p. 1.
(2) OJ L  175, 14.7.2000, p. 59.
(3) OJ L  349, 24.12.1998, p. 1.
(4) OJ L  159, 1.7.1993, p. 94.
(5) OJ L  195, 28.7.1999, p. 3.
 ---pagebreak--- L 262/18         EN                    Official Journal of the European Communities                                   17.10.2000
                                                             ANNEX
         to the Commission Regulation of 16 October 2000 fixing, for September 2000, the exchange rate for the amount
                                of the reimbursement of storage costs in the sugar sector
                                                      Specific exchange rate
                               EUR 1 =       7,46206         Danish kroner
                                           338,519           Greek drachma
                                             8,40834         Swedish kroner
                                             0,608830        Pound sterling