CELEX: 31990R3227
Language: en
Date: 1990-11-12 00:00:00
Title: Commission Regulation (EEC) No 3227/90 of 8 November 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

12 . 11 . 90                             Official Journal of the European Communities                          No L 312 / 35
                                      COMMISSION REGULATION (EEC) No 3227/90
                                                       of 8 November 1990
                 filing 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 (*), 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 12                  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 3226/90 (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 (*), 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 3a 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 12 November
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, 8 November 1990.
                                                                                     For the Commission
                                                                                     Ray MAC SHARRY
                                                                                  Member ofthe Commission
(») OJ No L 164, 24. 6. 1985, p. 6.
O OJ No L 201 , 31 . 7 . 1990, p. 9.
O OJ No L 122, 14 . 5 . 1990, p . 1 .
(4) See page 1 of this Official Journal.
O OJ No L 310, 2L 11 . 1985, p. 4.
C) OJ No L 358, 8. 12. 1989, p. 28 .                                O OJ No L 220, 29. 7. 1989, p. 8 .
O OJ No L 310, 21 . 11 . 1985 , p. 1 .                              (') OJ No L 164, 24. 6 . 1985, p. 1 .
 ---pagebreak--- No L 312 /36                          Official Journal of the European Communities                               12 . 11 . 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
                                    Lit 100                   £ 1                £ Irl 1             ECU 1
              Bfrs/Lfrs             2,75661               60,5895               55,2545             48,5563
                 Dkr                0,509801              11,2053               10,2186              8,97989
                 DM                 0,133650                2,93759              2,67893             2,35418
                  FF                0,448246                9,85232              8,98480             7,89563
                  F1                0,150590                3,30992              3,01847             2,65256
                 £ Irl              0,0498894               1,09655                —
                                                                                                     0,878776
                   £                0,0454965                 —
                                                                                 0,911948            0,801398
                  Lit                 —
                                                       2 197,97              2 004,44            1 761,45
                  Dr               13,5689               296,580               271,979             237,679
                 Esc               11,8123               259,631               236,770             208,068
                  Pta               8,40052              184,641               168,383             147,971