CELEX: 31994R2082
Language: en
Date: 1994-08-20 00:00:00
Title: Commission Regulation (EC) No 2082/94 of 19 August 1994 fixing the agricultural conversion rates

20 . 8 . 94                              Official Journal of the European Communities                              No L 215/7
                                      COMMISSION REGULATION (EC) No 2082/94
                                                       of 19 August 1994
                                          fixing the agricultural conversion rates
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        advance shall be adjusted if the gap between that rate and
                                                                   the agricultural conversion rate in force at the time of the
Having regard to the Treaty establishing the European              operative event applicable for the currency concerned
Community,                                                         exceeds four points ; whereas, in that event, the agricul­
Having regard to Council Regulation (EEC) No 3813/92               tural conversion rate fixed in advance is brought more
of 28 December 1992 on the unit of account and the                 closely into line with the rate in force, up to the level of a
conversion rates to be applied for the purposes of the             gap of four points with that rate ; whereas the rate which
common agricultural policy ('), as last amended by Regu­           replaces the agricultural conversion rate fixed in advance
lation (EC) No 3528/93 (2), and in particular Article 3 (1 )       should be specified,
thereof,
                                                                   HAS ADOPTED THIS REGULATION :
Whereas the agricultural conversion rates were fixed by
Commission Regulation (EC) No 2057/94 (3) ;                                                  Article 1
Whereas Article 4 of Regulation (EEC) No 3813/92
provides that the agricultural conversion rate for a floating      The agricultural conversion rates are fixed in Annex I
                                                                   hereto.
currency is to be adjusted where the monetary gap
between it and the representative market rate exceeds
certain levels ; whereas, notwithstanding that Article 4,                                    Article 2
Article 4a of that Regulation applies until 31 December
 1994 ;                                                            In the case referred to in Article 15 (3) of Regulation
                                                                   (EEC) No 1068/93, the agricultural conversion rate fixed
Whereas the representative market rates are determined             in advance shall be replaced by the ecu rate for the
on the basis of reference periods established in accord­           currency concerned, shown in Annex II :
ance with Commission Regulation (EEC) No 1068/93 of
30 April 1993 on detailed rules for determining and                — Table A, where the latter rate is higher than the rate
                                                                       fixed in advance,
applying the agricultural conversion rates (4), as amended
by Regulation (EC) No 547/94 (*) ;                                     or
Whereas, as a consequence of the exchange rates recorded           — Table B, where the latter rate is lower than the rate
during the reference period 16 to 20 August 1994, it is                fixed in advance.
necessary on the one hand to fix the limits referred to in
paragraphs 1 and 3 of Article 4a of Regulation (EEC)                                         Article 3
No 3813/92 at + 3,628 and — 1,372 and on the other
hand to fix a new agricultural conversion rate for the             Regulation (EC) No 2057/94 is hereby repealed.
Italian lira and the pound sterling ;
                                                                                             Article 4
Whereas Article 15 (3) of Regulation (EEC) No 1068/93
provides that an agricultural conversion rate fixed in             This Regulation shall enter into force on 21 August 1994.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                   Done at Brussels, 19 August 1994.
                                                                             For the Commission
                                                                               Rene STEICHEN
                                                                         Member of the Commission
O   OJ   No L 387, 31 . 12. 1992, p. 1 .
O   OJ   No L 320, 22. 12. 1993, p. 32.
0   OJ   No L 211 , 17. 8. 1994, p. 4.
(4) OJ   No L 108, 1 . 5. 1993, p. 106.
O   OJ   No L 69, 12. 3. 1994, p. 1 .
 ---pagebreak--- No L 215/8                        Official Journal of the European Communities                               20. 8. 94
                                                        ANNEX I
                                              Agricultural conversion rates
                                      ECU 1 -        49,3070    Belgian and
                                                                Luxembourg francs
                                                      9,34812   Danish kroner
                                                      2,35418   German marks
                                                    346,789     Greek drachmas
                                                    192,319     Spanish pesetas
                                                      7,98191   French francs
                                                      0,976426 Irish punt
                                                  2 339,97      Italian lire
                                                      2,65256   Dutch guilders
                                                    239,331     Portuguese escudos
                                                      0,953575 Pound sterling
                                                       ANNEX II
                           Agricultural conversion rates fixed in advance and adjusted
                             Table A                                                 Table B
           ECU 1 =    47,4106     Belgian and                 ECU 1 =         51,3615     Belgian and
                                   Luxembourg francs                                      Luxembourg francs
                       8,98858    Danish kroner                                9,73763    Danish kroner
                       2,26363    German marks                                 2,45227    German marks
                     333,451      Greek drachmas                             361,239      Greek drachmas
                     184,922      Spanish pesetas                            200,332      Spanish pesetas
                       7,67491    French francs                                8,31449    French francs
                       0,938871   Irish punt                                   1,01711    Irish punt
                   2 249,97       Italian lire                             2 437,47       Italian life
                       2,55054 Dutch guilders                                  2,76308 Dutch guilders
                     230,126      Portuguese escudos                         249,303      Portuguese escudos
                       0,916899 Pound sterling                                 0,993307 Pound sterling