31990R3702

24 . 12 . 90 Official Journal of the European Communities No L 361 /43

COMMISSION REGULATION (EEC) No 3702/90 of 20 December 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 lation (EEC) No 1676/ 85 on the value of the unit of COMMUNITIES, account and the conversion rates to be applied for the Having regard to the Treaty establishing the European purposes of the common agricultural policy ('), as last Economic Community, amended by Regulation .(EEC) No 3237/90 (10), the rates used to fix or, where appropriate, adjust the Having regard to Council Regulation (EEC) No monetary compensatory amounts, from this time forth 1677/ 85 of 11 June 1985 on monetary compensatory defined as market conversion rates, are to be used for amounts in agriculture (*), as last amended by Regulation the conversion into ecus of the amounts relating to world (EEC) No 2205/90 (2), and in particular Article 9 (2) market data and expressed in the national currency of a thereof, Member State ; whereas, pursuant to Article 2(4) of Having regard to Commission Regulation (EEC) No Council Regulation (EEC) No 1676/85 ("), as last 3578 / 88 of 17 November 1988 laying down detailed amended by Regulation (EEC) No 2205 /90 , those rates are also to be used for the conversion of certain other rules for the application of the system for the automatic dismantlement of negative monetary compensatory agricultural amounts ; whereas the rates in question amounts (3), as last amended by Regulation (EEC) No should be fixed to make it easier to use them, 3219/90 (4), and in particular Article 7 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 (s), as The market conversion rates referred to in Article 3a of last amended by Regulation (EEC) No 3701 /90 ('), on the basis of the central rates and, for certain Member Regulation (EEC) No 3152/ 85, to be applied for certain States, on the basis of the exchange rates referred to in amounts in the context of the common agricultural Article 3 of Commission Regulation (EEC) No 3153/85 policy and used to fix or, where appropriate, to adjust of 11 November 1985 laying down detailed rules for the the monetary compensatory amounts, shall be set out in calculation of monetary compensatory amounts (7), as the Annex hereto . last amended by Regulation (EEC) No 3672/ 89 (*); Article 2 Whereas, in accordance with Article 3a of Commission Regulation (EEC) No 3152 /85 of 11 November 1985 This Regulation shall enter into force on 24 December laying down detailed rules for the application of Regu 1990 .

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

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

(') OJ No L 164, 24 . 6. 1985 , p. 6. (J) OJ No L 201 , 31 . 7. 1990, p. 9. C) OJ No L 312, 18 . 11 . 1988, p. 16. C) OJ No L 308, 8 . 11 . 1990, p. 21 . C) OJ No L 122, 14 . 5. 1990, p. 1 . (') See page 1 of this Official Journal. (') OJ No L 310, 21 . 11 . 1985, p. 1 . O OJ No L 310, 21 . 11 . 1985, p. 4. (,0) OJ No L 310, 9. 11 . 1990, p. 18 . (•) OJ No L 358 , 8 . 12 . 1989, p. 28 . (") OJ No L 164, 24. 6. 1985 , p. 1 .

No L 361 /44 Official Journal of the European Communities 24 . 12 . 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 £ 1 £ Irl 1 ECU

Bfrs /Lfrs 2,75661 59,7595 55,2545 48,5563 Dkr 0,509801 11,0518 10,2186 8,97989 DM 0,133650 2,89735 2,67893 2,35418 FF 0,448246 9,71736 8,98480 7,89563 F1 0,150590 3,26458 3,01847 2,65256 £ Irl 0,0498894 1,08153 — 0,878776 £ 0,0461284 — 0,924613 0,812528 Lit — 2 167,86 2 004,44 1 761,45 Dr 13,8325 299,870 277,264 243,653 Esc 11,8123 256,075 236,770 208,068 Pta 8,47154 183,652 169,807 149,222