31990R2932

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 conversion into ecus of the amounts relating to world Having regard to the Treaty establishing the European market data and expressed in the national currency of a Economic Community, 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 .

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