31990R2697

24 . 9 . 90 Official Journal of the European Communities No L 260/ 39

COMMISSION REGULATION (EEC) No 2697/90 of 20 September 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 amended by Regulation (EEC) No 2300/89 (8), the rates COMMUNITIES, used to fix or, where appropriate, adjust the monetary compensatory amounts, from this time forth defined as Having regard to the Treaty establishing the European market conversion rates, are to be used for the Economic Community, conversion into ecus of the amounts relating to world 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 Whereas the monetary compensatory amounts should be fixed to make it easier to use them, introduced by Regulation (EEC) No 1677/85 are fixed by Commission Regulation (EEC) No 1207/90 (3), as HAS ADOPTED THIS REGULATION : last amended by Regulation (EEC) No 2696/90 (4), on the basis of the central rates and, for certain Member Article 1 States, on the basis of the exchange rates referred to in Article 3 of Commission Regulation (EEC) No 3153 /85 The market conversion rates referred to in Article 3a of of 11 November 1985 laying down detailed rules for the Regulation (EEC) No 3152/ 85, to be applied for certain calculation of monetary compensatory amounts (5), as amounts in the context of the common agricultural last amended by Regulation (EEC) No 3672/ 89 (6); policy and used to fix or, where appropriate, to adjust the monetary compensatory amounts, shall be set out in Whereas, in accordance with Article 3 a of Commission the Annex hereto. Regulation (EEC) No 3152 / 85 of 11 November 1985 laying down detailed rules for the application of Regu­ Article 2 lation (EEC) No 1676/ 85 on the value of the unit of account and the conversion rates to be applied for the This Regulation shall enter into force on 24 September 1990 . purposes of the common agricultural policy (7), as last

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

Done at Brussels, 20 September 1990. For the Commission Ray MAC SHARRY Member ofthe Commission

1) OJ No L 164, 24. 6. 1985 , p. 6. 2) OJ No L 201 , 31 . 7. 1990, p. 9. 3) OJ No L 122 , 14 . 5 . 1990 , p. 1 . *) See page 1 of this Official Journal . s) OJ No L 310 , 21 . 11 . 1985 , p. 4. 6) OJ No L 358 , 8 . 12. 1989 , p. 28 . (') OJ No L 220, 29. 7 . 1989, p. 8 . 0 OJ No L 310, 21 . 11 . 1985 , p. 1 . O OJ No L 164, 24. 6. 1985 , p. 1 .

No L 260 / 40 Official Journal of the European Communities 24 . 9 . 90

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 £ Irl 1 ECU

Bfrs/Lfrs 2,75662 60,4406 55,2545 48,2868 Dkr 0,509804 11,1778 10,2187 8,93008 DM 0,133651 2,93039 2,67895 2,34113 FF 0,448248 9,82814 8,98483 7,85183 F1 0,150591 3,30180 3,01849 • 2,63785 £ Irl — 0,0498895 1,09386 0,873900 £ — 0,0456090 0,914193 0,798913 Lit — 1 751,67 2 192,57 2 004,43 Dr 13,1042 287,318 262,664 229,542 Esc 11,9713 262,478 239,955 209,697 Pta 8,43098 184,855 168,993 147,683