CELEX: 31992R2304
Language: en
Date: 1992-08-10 00:00:00
Title: Commission Regulation (EEC) No 2304/92 of 6 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

No L 226 /38                               Official Journal of the European Communities                               10 . 8 . 92
                                        COMMISSION REGULATION (EEC) No 2304/92
                                                          of 6 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
                                                                      3578/ 88 of 17 November 1988 laying down detailed
Having regard to Council Regulation (EEC) No                         rules for the application of the system for the automatic
1677/85 of 11 June 1985 on monetary compensatory
amounts in agriculture (*), as last amended by Regu­                 dismantlement of negative monetary compensatory
lation (EEC) No 2205/90 (2), and in particular                       amounts ('), as last amended by Regulation (EEC) No
Articles 9 and 6a thereof,                                            3137/91 (l0), 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
                                                                      2205/90, those rates are also to be used for the
by Commission Regulation (EEC) No 1641 /91 (}), as                   conversion of certain other agricultural amounts ;
last amended by Regulation (EEC) No 2303/92 (4), on
the basis of the central rates and, for certain Member               whereas the rates in question should be fixed to make it
                                                                     easier to use them,
States, on the basis of the exchange rates referred to in
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 (s), 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 10 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, 6 August 1992.
                                                                                        For the Commission
                                                                                        Ray MAC SHARRY
                                                                                     Member ofthe Commission
o ÓJ No L 164, 24. 6. 1985, p. 6.
O OJ No L 201 , 31 . 7. 1990, p. 9.
(3) OJ No L 153, 17. 6 . 1991 , 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 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.
O   OJ  No L  310,  9 . 11 . 1990, p. 18 .                            (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- 10 . 8 . 92                        Official Journal of the European Communities                              No L 226/39
                                                          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              59,4497               55,2545          48,5563
                Dkr              0,509801             10,9945               10,2186           8,97989
                DM               0,133650              2,88233                2,67893         2,35418
                 FF              0,448246              9,66698                8,98480         7,89563
                  F1             0,150590              3,24765                3,01847         2,65256
                £ Irl            0,0498894             1,07593                  —
                                                                                              0,878776
                  £              0,0463688               —
                                                                             0,929433         0,816763
                 Lit               —
                                                   2 156,62              2 004,44         1 761,45
                 Dr             16,1971              349,311               324,661          285,304
                 Esc            11,2446              242,504               225,391          198,068
                 Pta             8,44747             182,180               169,324          148,798