CELEX: 31992R2372
Language: en
Date: 1992-08-17 00:00:00
Title: Commission Regulation (EEC) No 2372/92 of 13 August 1992 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

17. 8. 92                                Official Journal of the European Communities                           No L 234/39
                                        COMMISSION REGULATION (EEC) No 2372/92
                                                         of 13 August 1992
                 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                                      the conversion into ecus of the amounts relating to world
 COMMUNITIES,                                                       market data and expressed in the national currency of a
                                                                     Member State ; whereas, pursuant to Article 6a of Regu­
 Having regard to the Treaty establishing the European               lation (EEC) No 1677/85 and without prejudice to
 Economic Community,                                                Article 7 (2) of Commission Regulation (EEC) No
 Having regard to Council Regulation (EEC) No                        3578/88 of 17 November 1988 laying down detailed
 1677/85 of 11 June 1985 on monetary compensatory                   rules for the application of the system for the automatic
 amounts in agriculture ('), as last amended by Regu­                dismantlement of negative monetary compensatory
 lation (EEC) No 2205/90 (*), and in particular                     amounts ('), as last amended by Regulation (EEC) No
Articles 9 and 6a thereof,                                           3137/91 (10), those rates are to be the agricultural
                                                                     conversion rates applying to pigmeat; whereas, pursuant
Whereas the monetary compensatory amounts                           to Article 2 (4) of Council Regulation (EEC) No
 introduced by Regulation (EEC) No 1677/85 were fixed                1676/85 ("), as last amended by Regulation (EEC) No
 by Commission Regulation (EEC) No 1641 /91 (J), as                 2205/90, those rates are also to be used for the
 last amended by Regulation (EEC) No 2371 /92 (4), on               conversion of certain other agricultural amounts ;
 the basis of the central rates and, for certain Member             whereas the rates in question should be fixed to make it
 States, on the basis of the exchange rates referred to in          easier to use them,
Article 3 of Commission Regulation (EEC) No 3153 /85
 of 11 November 1985 laying down detailed rules for the             HAS ADOPTED THIS REGULATION :
 calculation of monetary compensatory amounts ('), as                                         Article 1
 last amended by Regulation (EEC) No 3672/89 (6);
                                                                    The representative market rates referred to in Article 3a
Whereas, in accordance with Article 3a of Commission                of Regulation (EEC) No 3152/85, to be applied for
 Regulation (EEC) No 3152/ 85 of 11 November 1985                   certain amounts in the context of the common agri­
 laying down detailed rules for the application of Regu­            cultural policy and used to fix or, where appropriate, to
 lation (EEC) No 1676/85 on the value of the unit of                adjust the monetary compensatory amounts, are set out
 account and the conversion rates to be applied for the             in the Annex hereto.
purposes of the common agricultural policy (7), as last
amended by Regulation (EEC) No 3237/90 ('), the                                               Article 2
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth                 This Regulation shall enter into force on 17 August
defined as representative market rates, are to be used for           1992 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 13 August 1992 .
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                  Member ofthe Commission
o OJ No L 164, 24. 6. 1985, p. 6.
O OJ No L 201 , 31 . 7. 1990, p. 9.
O OJ No L 153, 17. 6. 1991 , p. 1 .
(4) Sec page 1 of this Official Journal.
0)  OJ No L 310, 21 . 11 . 1985, p. 4.
C)  OJ No L 358 , 8 . 12. 1989, p. 28 .                              O OJ No L 312, 18. 11 . 1988, p. 16.
O   OJ No L 310, 21 . 11 . 1985, p. 1 .                             (,0) OJ No L 297, 29. 10. 1991 , p. 17.
(•) OJ No L 310, 9. 11 . 1990, p. 18 .                              (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 234/40                        Official Journal of the European Communities                              17 . 8 . 92
                                                           ANNEX
            Conversion rates used for the calculation of monetary compensatory amounts and to be applied for
                                         certain amounts in the agricultural sector
                                 100 Lit                  1 £                 1 £ Irl         1 ECU
              Bfrs/Lfrs          2,75661               58,8580              55,2545          48,5563
                Dkr              0,509801              10,8851              10,2186           8,97989
                DM               0,133650               2,85364               2,67893         2,35418
                 FF              0,448246               9,57077               8,98480         7,89563
                  FI             0,150590               3,21533               3,01847         2,65256
                £ Irl            0,0498894              1,06522                               0,878776
                  £              0,0468349                                    0,938775        0,824973
                 Lit                                2 135,16             2 004,44         1 761,45
                 Dr             16,1971               345,834              324,661          285,304
                 Esc            11,2446               240,090              225,391          198,068
                 Pta             8,44747              180,367              169,324          148,798