31990R1673

25 . 6 . 90 Official Journal of the European Communities No L 159 / 45

COMMISSION REGULATION (EEC) No 1673/90

of 21 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 account and the conversion rates to be applied for the COMMUNITIES, purposes of the common agricultural policy (7)> as last amended by Regulation (EEC) No 2300/89 (■), the rates Having regard to the Treaty establishing the European used to fix or, where appropriate, adjust the monetary Economic Community, compensatory amounts are to be used for the conversion Having regard to Council Regulation (EEC) No into ecus of the amounts relating to world market data 1677/85 of 11 June 1985 on monetary compensatory and expressed in the national currency of a Member amounts in agriculture (*), as last amended by Regulation State ; whereas, pursuant to Article 2 (4) of Council (EEC) No 1889/87 (2), and in particular Article 9 (2) Regulation (EEC) No 1676/ 85 ('), as last amended by thereof, Regulation (EEC) No 1636/87 (10), those rates are also to be used for the conversion of certain other agri­ Whereas the monetary compensatory amounts cultural amounts ; whereas the rates in question should introduced by Regulation (EEC) No 1677/85 are fixed be fixed to make it easier to use them, by Commission Regulation (EEC) No 1207/90 (J)y as last amended by Regulation (EEC) No 1672/90 ('), on HAS ADOPTED THIS REGULATION : 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 conversion rates used to fix or, where appropriate, calculation of monetary compensatory amounts (s), as to adjust the monetary compensatory amounts, as last amended by Regulation (EEC) No 3672/89 (6); referred to in Article 3a of Regulation (EEC) No 3152/ 85 , shall be as set out in the Annex hereto. Whereas, in accordance with Article 3a of Commission Regulation (EEC) No 3152/85 of 11 November 1985 Article 2 laying down detailed rules for the application of Regu­ lation (EEC) No 1676/ 85 on the value of the unit of This Regulation shall enter into force on 25 June 1990.

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

Done at Brussels, 21 June 1990.

For the Commission Ray MAC SHARRY Member ofthe Commission

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

No L 159 / 46 Official Journal of the European Communities 25 . 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 59,2581 55,2545 48,2868 Dkr 0,509804 10,9591 10,2187 8,93008 DM 0,133651 2,87306 2,67895 2,34113 FF 0,448248 9,63585 8,98483 7,85183 F1 0,150591 3,23720 3,01849 2,63785 £ Irl 0,0498895 1,07246 0,873900 £ 0,0465190 0,932436 0,814856 Lit 2 149,67 2 004,43 1751,67 Dr 13,1643 282,989 263,869 230,595 Esc 11,8117 253,912 236,757 206,902 Pta 8,30265 178,479 166,421 145,435