CELEX: 31990R1673
Language: en
Date: 1990-06-25 00:00:00
Title: Commission Regulation (EEC) No 1673/90 of 21 June 1990 fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

25 . 6 . 90                              Official Journal of the European Communities                           No L 159/45
                                     COMMISSION REGULATION (EEC) No 1673/90
                                                         of 21 June 1990
                 fixing the conversion rates used for the calculation of monetary compensatory amounts
                                and to be applied for certain amounts in the agricultural sector
THE COMMISSION OF THE EUROPEAN                                      account and the conversion rates to be applied for the
COMMUNITIES,                                                        purposes of the common agricultural policy (7)> as last
Having regard to the Treaty establishing the European               amended by Regulation (EEC) No 2300/89 (■), the rates
Economic Community,                                                 used to fix or, where appropriate, adjust the monetary
                                                                    compensatory amounts are to be used for the conversion
Having regard to Council Regulation (EEC) No                        into ecus of the amounts relating to world market data
1677/85 of 11 June 1985 on monetary compensatory                    and expressed in the national currency of a Member
amounts in agriculture (*), as last amended by Regulation           State ; whereas, pursuant to Article 2 (4) of Council
(EEC) No 1889/87 (2), and in particular Article 9 (2)               Regulation (EEC) No 1676/85 ('), as last amended by
thereof,                                                            Regulation (EEC) No 1636/87 (10), those rates are also
                                                                    to be used for the conversion of certain other agri­
Whereas the monetary compensatory amounts                           cultural amounts; whereas the rates in question should
introduced by Regulation (EEC) No 1677/85 are fixed                be fixed to make it easier to use them,
by Commission Regulation (EEC) No 1207/90 (J)y as
last amended by Regulation (EEC) No 1672/90 ('), on                HAS ADOPTED THIS REGULATION :
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in                                        Article 1
Article 3 of Commission Regulation (EEC) No 3153/85
of 11 November 1985 laying down detailed rules for the             The conversion rates used to fix or, where appropriate,
calculation of monetary compensatory amounts (s), as                to adjust the monetary compensatory amounts, as
last amended by Regulation (EEC) No 3672/89 (6);                   referred to in Article 3a of Regulation (EEC) No
Whereas, in accordance with Article 3a of Commission                3152/ 85 , shall be as set out in the Annex hereto.
Regulation (EEC) No 3152/85 of 11 November 1985                                                  Article 2
laying down detailed rules for the application of Regu­
lation (EEC) No 1676/ 85 on the value of the unit of               This Regulation shall enter into force on 25 June 1990.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 21 June 1990.
                                                                                       For the Commission
                                                                                       Ray MAC SHARRY
                                                                                   Member ofthe Commission
(») OJ No L 164, 24. 6. 1985, p. 6.
(2) OJ No L 182, 3. 7. 1987, p. 1 .
O OJ No L 122, 14. 5 . 1990, p. 1 .                                  O   OJ No L 310, 21 . 11 . 1985, p. 1 .
(4) See page 1 of this Official Journal.                             (*) OJ No L 220, 29. 7. 1989, p. 8.
O OJ No L 310, 21 . 11 . 1985 , p. 4.                                O   OJ No L 164, 24. 6. 1985, p. 1 .
O OJ No L 358 , 8 . 12. 1989, p. 28 .                              (1#)  OJ No L 153, 13. 6. 1987, p. 1 .
 ---pagebreak--- No L 159 /46                        Official Journal of the European Communities                              25 . 6. 90
                                                            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          2,75662               59,2581              55,2545          48,2868
                 Dkr              0,509804              10,9591              10,2187           8,93008
                 DM               0,133651               2,87306              2,67895          2,34113
                  FF              0,448248               9,63585               8,98483         7,85183
                   F1             0,150591               3,23720               3,01849         2,63785
                 £ Irl            0,0498895              1,07246                               0,873900
                   £              0,0465190                                   0,932436         0,814856
                  Lit                                2 149,67             2 004,43         1751,67
                  Dr             13,1643               282,989              263,869          230,595
                  Esc            11,8117               253,912              236,757          206,902
                  Pta             8,30265              178,479              166,421          145,435