CELEX: 31990R2932
Language: en
Date: 1990-10-11 00:00:00
Title: Commission Regulation (EEC) No 2932/90 of 10 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

No L 280/ 42                             Official Journal of the European Communities                             11 . 10. 90
                                      COMMISSION REGULATION (EEC) No 2932/90
                                                       of 10 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 ('), as last amended by Regulation          are also to be used for the conversion of certain other
(EEC) No 2205/90 (J), 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 opinions of the relevant
by Commission Regulation (EEC) No 1207/90 (J), as                  management committees,
last amended by Regulation (EEC) No 2931 /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 ('), 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 11 October
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, 10 October 1990.
                                                                                    For the Commission
                                                                                    Ray MAC SHARRY
                                                                                 Member ofthe Commission
 1) OJ No L 164, 24. 6. 1985, p. 6.
 *) OJ No L 201 , 31 . 7. 1990, p. 9.
 ') OJ No L 122, 14. 5. 1990, p. 1 .
 4) See page 1 of this Official Journal.
 ') OJ No L 310, 21 . 11 . 1985, p. 4.
 4) OJ No L 358, 8. 12. 1989, p. 28.
 7) 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--- 11 . 10. 90                          Official Journal of the European Communities                               No L 280/43
                                                              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             2,75662               62,0212               55,2545             48,5563
                Dkr                0,509804               11,4701              10,2187              8,97989
                DM                 0,133651                3,00701              2,67895             2,35418
                 FF                0,448248               10,0851               8,98483             7,89563
                 F1                0,150591                3,38813              3,01849             2,65256
                £ Irl              0,0498895               1,12247                —
                                                                                                    0,878776
                 £                 0,0444460                 _
                                                                                0,890896            0,782898
                 Lit                 —
                                                      2 249,91              2 004,43            1 761,45
                 Dr               13,4122               301,763               268,840             236,250
                Esc               11,8468               266,543               237,462             208,676
                Pta                8,44571              190,021               169,289             148,767