31990R1532

11 . 6 . 90 Official Journal of the European Communities No L 147 /41

COMMISSION REGULATION (EEC) No 1532/90 of 7 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 Whereas, in accordance with Article 3a of Commission COMMUNITIES, Regulation (EEC) No 3152 / 85 of 11 November 1985 laying down detailed rules for the application of Regu­ Having regard to the Treaty establishing the European lation (EEC) No 1676/ 85 on the value of the unit of Economic Community, account and the conversion rates to be applied for the purposes of the common agricultural policy ('), as last Having regard to Commission Regulation (EEC) No amended by Regulation (EEC) No 2300/ 89 (l0), the 3578 / 88 of 17 November 1988 laying down detailed rates used to fix or, where appropriate, adjust the rules for the application of the system for the automatic monetary compensatory amounts are to be used for the dismantlement of negative monetary compensatory conversion into ecus of the amounts relating to world amounts ('), as last amended by Regulation (EEC) No market data and expressed in the national currency of a 747 / 90 (2), Member State ; whereas, pursuant to Article 2 (4) of Council Regulation (EEC) No 1676/85 ("), as last Having regard to Council Regulation (EEC) No amended by Regulation (EEC) No 1636/ 87 ("), those 1677/85 of 11 June 1985 on monetary compensatory rates are also to be used for the conversion of certain amounts in agriculture (J), as last amended by Regulation other agricultural amounts ; whereas the rates in question (EEC) No 1889/87 (4), and in particular Article 9 (2) should be fixed to make it easier to use them, thereof, HAS ADOPTED THIS REGULATION : Whereas the monetary compensatory amounts introduced by Regulation (EEC) No 1677/ 85 are fixed Article 1 by Commission Regulation (EEC) No 1207/90 (5), as last amended by Regulation (EEC) No 1531 /90 (6), on The conversion rates used to fix or, where appropriate, the basis of the central rates and, for certain Member to adjust the monetary compensatory amounts, as referred to in Article 3a of Regulation (EEC) No States, on the basis of the exchange rates referred to in 3152/85 , shall be as set out in the Annex hereto. Article 3 of Commission Regulation (EEC) No 3153/ 85 of 11 November 1985 laying down detailed rules for the Article 2 calculation of monetary compensatory amounts (7), as last amended by Regulation (EEC) No 3672/ 89 (*); This Regulation shall enter into force on 11 June 1990.

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 7 June 1990 . For the Commission Ray MAC SHARRY Member ofthe Commission

(1 ) OJ No L 312 , 18 . 11 . 1988, p, 16 . (2) OJ No L 82, 29. 3. 1990, p. 24. O OJ No L 164 , 24. 6. 1985, p. 6. O OJ No L 182 , 3 . 7 . 1987, p. 1 . (*) OJ No L 122, 14. 5 . 1990, p. 1 . O OJ No L 310, 21 . 11 . 1985 , p. 1 . (6) See page 1 of this Official Journal. (,0) OJ No L 220, 29. 7. 1989, p. 8 . O OJ No L 310 , 21 . 11 . 1985 , p. 4. (") OJ No L 164, 24. 6. 1985, p. 1 . (') OJ No L 358 , 8 . 12 . 1989, p. 28 . (") OJ No L 153 , 13 . 6. 1987, p. 1 .

No L 147 / 42 Official Journal of the European Communities 11 . 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 58,3426 55,2545 48,2868 Dkr 0,509804 10,7898 10,2187 8,93008 DM 0,133651 2,82867 2,67895 2,34113 FF 0,448248 9,48699 8,98483 7,85183 F1 0,150591 3,18719 3,01849 2,63785 £ Irl — 0,0498895 1,05589 0,873900 £ — 0,0472490 0,947067 0,827642 " Lit — 2 116,46 2 004,43 1 751,67 Dr 13,1643 278,617 263,869 230,595 Esc 11,8117 249,990 236,757 206,902 Pta 8,30265 175,722 166,421 145,435