CELEX: 31990R2697
Language: en
Date: 1990-09-24
Title: Commission Regulation (EEC) No 2697/90 of 20 September 1990 fixing the market conversion 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

24 . 9 . 90                                Official Journal of the European Communities                         No L 260/ 39
                                         COMMISSION REGULATION (EEC) No 2697/90
                                                        of 20 September 1990
                 fixing the market conversion 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                                       amended by Regulation (EEC) No 2300/89 (8), the rates
COMMUNITIES,                                                         used to fix or, where appropriate, adjust the monetary
                                                                     compensatory amounts, from this time forth defined as
Having regard to the Treaty establishing the European                market conversion rates, are to be used for the
Economic Community,                                                  conversion into ecus of the amounts relating to world
Having regard to Council Regulation (EEC) No                         market data and expressed in the national currency of a
1677/85 of 11 June 1985 on monetary compensatory                     Member State ; whereas, pursuant to Article 2 (4) of
amounts in agriculture ('), as last amended by Regulation            Council Regulation (EEC) No 1676/85 ('), as last
(EEC) No 2205 /90 (2), and in particular Article 9 (2)               amended by Regulation (EEC) No 2205/90, those rates
thereof,                                                             are also to be used for the conversion of certain other
                                                                     agricultural amounts ; whereas the rates in question
Whereas the monetary compensatory amounts                            should be fixed to make it easier to use them,
introduced by Regulation (EEC) No 1677/85 are fixed
by Commission Regulation (EEC) No 1207/90 (3), as                    HAS ADOPTED THIS REGULATION :
last amended by Regulation (EEC) No 2696/90 (4), on
the basis of the central rates and, for certain Member                                        Article 1
States, on the basis of the exchange rates referred to in
Article 3 of Commission Regulation (EEC) No 3153/85                  The market conversion rates referred to in Article 3a of
of 11 November 1985 laying down detailed rules for the               Regulation (EEC) No 3152/85, to be applied for certain
calculation of monetary compensatory amounts (5), as                 amounts in the context of the common agricultural
last amended by Regulation (EEC) No 3672/89 (6);                     policy and used to fix or, where appropriate, to adjust
                                                                     the monetary compensatory amounts, shall be set out in
Whereas, in accordance with Article 3 a of Commission                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 24 September
purposes of the common agricultural policy (7), as last              1990 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States. ,
                 Done at Brussels, 20 September 1990.
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                  Member ofthe Commission
 1) OJ No L 164, 24. 6. 1985, p. 6.
 2) OJ No L 201 , 31 . 7. 1990, p. 9.
 3) OJ No L 122 , 14 . 5 . 1990 , p. 1 .
 *) See page 1 of this Official Journal.
 s) OJ No L 310 , 21 . 11 . 1985 , p. 4.
 6) OJ No L 358 , 8 . 12. 1989, p. 28 .                              (') OJ No L 220, 29. 7. 1989, p. 8.
 0 OJ No L 310, 21 . 11 . 1985, p. 1 .                               O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 260 / 40                         Official Journal of the European Communities                                24 . 9 . 90
                                                              ANNEX
              Market conversion 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
                                    100 Lit                  \£                   1 £ Irl             1 ECU
               Bfrs/Lfrs            2,75662               60,4406               55,2545              48,2868
                  Dkr               0,509804              11,1778               10,2187               8,93008
                  DM                0,133651                2,93039              2,67895              2,34113
                  FF                0,448248                9,82814              8,98483              7,85183
                   F1               0,150591                3,30180              3,01849            • 2,63785
                 £ Irl              0,0498895               1,09386                 —
                                                                                                      0,873900
                   £                0,0456090                 —
                                                                                 0,914193             0,798913
                  Lit                 —
                                                       2 192,57              2 004,43            1 751,67
                  Dr               13,1042               287,318               262,664             229,542
                  Esc              11,9713               262,478               239,955             209,697
                  Pta               8,43098              184,855               168,993             147,683