CELEX: 31990R3138
Language: en
Date: 1990-11-01 00:00:00
Title: Commission Regulation (EEC) No 3138/90 of 30 October 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

1 . 11 . 90                              Official Journal of the European Communities                         No L 305/ 39
                                        COMMISSION REGULATION (EEC) No 3138/90
                                                        of 30 October 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                                      compensatory amounts, from this time forth defined as
 COMMUNITIES,                                                       market conversion rates, are to be used for the
 Having regard to the Treaty establishing the European              conversion into ecus of the amounts relating to world
 Economic Community,                                                market data and expressed in the national currency of a
                                                                    Member State; whereas, pursuant to Article 2 (4) of
 Having regard to Council Regulation (EEC) No                       Council Regulation (EEC) No 1676/ 85 ('), as last
 1677/85 of 11 June 1985 on monetary compensatory                   amended by Regulation (EEC) No 2205/90, those rates
 amounts in agriculture (x), as last amended by Regulation          are also to be used for the conversion of certain other
 (EEC) No 2205/90 (*), and in particular Article 12                 agricultural amounts ; whereas the rates in question
thereof,                                                            should be fixed to make it easier to use them ;
Whereas the monetary compensatory amounts                           Whereas the measures provided for in this Regulation
introduced by Regulation (EEC) No 1677/85 are fixed                 are in accordance with the opinion of the Management
by Commission Regulation (EEC) No 1207/90 (J), as                   Committee for Oils and Fats,
last amended by Regulation (EEC) No 3137/90 (4), on
the basis of the central rates and, for certain Member              HAS ADOPTED THIS REGULATION :
 States, on the basis of the exchange rates referred to in
Article 3 of Commission Regulation (EEC) No 3153/85                                         Article 1
of 11 November 1985 laying down detailed rules for the
calculation of monetary compensatory amounts (5), as                The market conversion rates referred to in Article 3a of
last amended by Regulation (EEC) No 3672/89 (');                    Regulation (EEC) No 3152/ 85 , to be applied for certain
                                                                    amounts in the context of the common agricultural
Whereas, in accordance with Article 3a of Commission                policy and used to fix or, where appropriate, to adjust
Regulation (EEC) No 3152/85 of 11 November 1985                     the monetary compensatory amounts, shall be set out in
laying down detailed rules for the application of Regu­             the Annex hereto.
lation (EEC) No 1676/85 on the value of the unit of
account and the conversion rates to be applied for the                                      Article 2
purposes of the common agricultural policy (7), as last
amended by Regulation (EEC) No 2300/89 (*), the rates               This Regulation shall enter into force on 1 November
used to fix or, where appropriate, adjust the monetary              1990 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 30 October 1990.
                                                                                     For the Commission
                                                                                     Ray MAC SHARRY
                                                                                 Member ofthe Commission
C)   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, 21 . 11 . 1985, p. 4.
0)   OJ No L 358, 8. 12. 1989, p. 28 .
O    OJ No L 310, 21 . 11 . 1985, p. 1 .
(•)  OJ No L 220, 29. 7. 1989, p. 8 .                               O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 305 /40                          Official Journal of the European Communities                               1 . 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
                                    100 Lit                   1 £                1 £ Irl             1 ECU
              Bfrs/Lfrs             2,75661               60,8248               55,2545             48,5563
                 Dkr                0,509801              11,2488               10,2186              8,97989
                 DM                 0,133650                2,94900              2,67893             2,35418
                  FF                0,448246                9,89058              8,98480             7,89563
                  F1                0,150590                3,32277              3,01847             2,65256
                 £ Irl              0,0498894               1,10081               —
                                                                                                     0,878776
                  £                 0,0453205                 —
                                                                                 0,908420            0,798298
                  Lit                 —
                                                       2 206,51              2 004,44            1 761,45
                  Dr               13,4934               297,732               270,466             237,679
                 Esc               11,8123               260,640               236,770             208,068
                 Pta                8,40052              185,358               168,383             147,971