31991R0020

7 . 1 . 91 Official Journal of the European Communities No L 4 / 47

COMMISSION REGULATION (EEC) No 20/91 of 3 January 1991

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 laying down detailed rules for the application of Regu­ COMMUNITIES, lation (EEC) No 1676/ 85 cm the value of the unit of 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 Having regard to Council Regulation (EEC) No rates used to fix or, where appropriate, adjust the 1677/85 of 11 June 1985 on monetary compensatory monetary compensatory amounts, from this time forth amounts in agriculture (x), as last amended by Regulation defined as market conversion rates, are to be used for (EECy No 2205/90 (2), and in particular Article 9 (2) the conversion into ecus of the amounts relating to world thereof, market data and expressed in the national currency of a 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 rules for the application of the system for the automatic are also to be used for the conversion of certain other 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 (5), as last amended by Regulation (EEC) No 19/91 (&), on the The market conversion rates referred to in Article 3a of basis of the central rates and, for certain Member States, Regulation (EEC) No 3152/ 85, to be applied for certain on the basis of the exchange rates referred to in Article 3 amounts in the context of the common agricultural of Commission Regulation (EEC) No 3153 / 85 of policy and used to fix or, where appropriate, to adjust 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 7 January 1991 .

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

Done at Brussels, 3 January 1991 . For the Commission Ray MAC SHARRY Member ofthe Commission

') OJ No L 164, 24 . 6 . 1985 , p. 6. *) OJ No L 201 , 31 . 7 . 1990, p. 9. ») OJ No L 312, 18 . 11 . 1988 , p. 16. 4) OJ No L 308 , 8 . 11 . 1990, p. 21 . ') OJ No L 122, 14. 5 . 1990, p. 1 . ') See page 1 of this Official Journal. O OJ No L 310 , 21 . 11 . 1985, p. 1 . 7) OJ No L 310, 21 . 11 . 1985, p. 4 . H 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 4/48 Official Journal of the European Communities 7 . 1 . 91

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 59,8802 55,2545 48,5563 Dkr , 0,509801 11,0741 10,2186 8,97989 DM 0,133650 2,90320 2,67893 2,35418 FF 0,448246 9,73698 8,98480 7,89563 F1 0,150590 3,27117 3,01847 2,65256 £ Irl 0,0498894 1,08372 0,878776 £ 0,0460354 ' 0,922751 0,810891 Lit 2 172,24 2 004,44 1 761,45 Dr 13,8832 301,576 278,279 244,545 Esc 11,7991 256,306 236,506 207,836 Pta 8,47154 184,022 169,807 149,222