CELEX: 31991R1962
Language: en
Date: 1991-07-08 00:00:00
Title: Commission Regulation (EEC) No 1962/91 of 4 July 1991 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 182/42                               Official Journal of the European Communities                                8 . 7 . 91
                                        COMMISSION REGULATION (EEC) No 1962/91
                                                           of 4 July 1991
                 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                                       used to fix or, where appropriate, adjust the monetary
COMMUNITIES,                                                         compensatory amounts, from this time forth defined as
                                                                     representative market 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
Having regard to Council Regulation (EEC) No                         Member State ; whereas, pursuant to Article 2 (4) of
1677/ 85 of 11 June 1985 on monetary compensatory                    Council Regulation (EEC) No 1676/ 85 ('), as last
amounts in agriculture (*), as last amended by Regulation            amended by Regulation (EEC) No 2205/90, those rates
(EEC) No 2205 /90 (2), and in particular Article 9 (2)               are also to be used for the conversion of certain other
thereof,                                                             agricultural amounts ; whereas the rates in question
                                                                     should be fixed to make it easier to use them,
Whereas      the      monetary        compensatory    amounts
introduced by Regulation (EEC) No 1677/85 were fixed
by Commission Regulation (EEC) No 1641 /91 (J), as                   HAS ADOPTED THIS REGULATION :
last amended by Regulation (EEC) No 1961 /91 (4), on
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 representative market rates referred to in Article 3a
calculation of monetary compensatory amounts (s), as                 of Regulation (EEC) No 3152/85, to be applied for
last amended by Regulation (EEC) No 3672/89 (*);                     certain amounts in the context of the common agri­
                                                                     cultural policy and used to fix or, where appropriate, to
Whereas, in accordance with Article 3 a of Commission                adjust the monetary compensatory amounts, are set out
Regulation (EEC) No 3152/85 of 11 November 1985                      in the Annex hereto.
laying down detailed rules for the application of Regu­
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 3237/90 ("), the rates                This Regulation shall enter into force on 8 July 1991 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 4 July 1991 .
                                                                                       For the Commission
                                                                                    ,  Ray MAC SHARRY
                                                                                   Member ofthe Commission
 ') OJ No L 164, 24 . 6. 1985, p. 6 .
 2) OJ No L 201 , 31 . 7. 1990, p. 9.
 J) OJ No L 153, 17. 6. 1991 , p. 1 .
 4) See page 1 of this Official Journal.
 s) OJ  No L  310, 21 . 11 . 1985 , p. 4.
 *) OJ  No L  358, 8 . 12. 1989, p. 28 .
 7) OJ  No L  310, 21 . 11 . 1985, p. 1 .
 ') OJ  No L  310, 9. 11 . 1990, p. 18 .                             O OJ No L 164, 24. 6. 1985 , p. 1 .
 ---pagebreak--- 8 . 7. 91                         Official Journal of the European Communities                                No L 182 /43
                                                           ANNEX
          Representative market rates to be applied for certain amounts in the context of the common agricul­
               tural policy and, in particular, for the calculation of the monetary compensatory amounts
                                100 Lit                   1 £                 1 £ Irl             1 ECU
            Bfrs/Lfrs           2,75661                60,5140               55,2545            48,5563
              Dkr               0,509801               11,1913               10,2186              8,97989
              DM                0,133650                2,93393               2,67893             2,35418
               FF               0,448246                9,84004               8,98480             7,89563
                F1              0,150590                3,30579               3,01847             2,65256
              £ Irl             0,0498894               1,09519                                   0,878776
                £               0,0455533                                     0,913086            0,802398
               Lit                                 2 195,23               2 004,44           1 761,45
               Dr              14,6138                320,807               292,924            257,415
               Esc             11,6665                256,107               233,848            205,500
               Pta              8,37991               183,959               167,970            147,608