31992R2643

12. 9 . 92 Official Journal of the European Communities No L 266/5

COMMISSION REGULATION (EEC) No 2643/92 of 10 September 1992 fixing the representative market 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 COMMUNITIES, compensatory amounts, from this time forth defined as representative market rates, are to be used for the conver­ Having regard to the Treaty establishing the European sion into ecus of the amounts relating to world market Economic Community, data and expressed in the national currency of a Member Having regard to Council Regulation (EEC) No 1677/85 State ; whereas, pursuant to Article 6a of Regulation (EEC) of 11 June 1985 on monetary compensatory amounts in No 1677/85 and without prejudice to Article 7 (2) of agriculture ('), as last amended by Regulation (EEC) No Commission Regulation (EEC) No 3578/88 of 17 2205/90 (2), and in particular Articles 9 and 6a thereof, November 1988 laying down detailed rules for the appli­ Whereas the monetary compensatory amounts introduced cation of the system for the automatic dismantlement of negative monetary compensatory amounts (9), as last by Regulation (EEC) No 1677/85 were fixed by Commis­ sion Regulation (EEC) No 1641 /91 (3), as last amended by amended by Regulation (EEC) No 3137/91 (10), those rates Regulation (EEC) No 2502/92 (4), on the basis of the are to be the agricultural conversion rates applying to central rates and, for certain Member States, on the basis pigmeat ; whereas, pursuant to Article 2 (4) of Council of the exchange rates referred to in Article 3 of Commis­ Regulation (EEC) No 1676/85 ("), as last amended by sion Regulation (EEC) No 3153/85 of 11 November 1985 Regulation (EEC) No 2205/90, those rates are also to be laying down detailed rules for the calculation of monetary used for the conversion of certain other agricultural amounts ; whereas the rates in question should be fixed to compensatory amounts (*), as last amended by Regulation (EEC) No 3672/89 (6) ; make it easier to use them ,

Whereas the spot market rates recorded as provded for in HAS ADOPTED THIS REGULATION : Regulation (EEC) No 3153/85 during the period 2 to 8 September 1992 for the Spanish peseta lead, pursuant to Article 1 Article 9 (2) of Regulation (EEC) No 1677/85, to an adjustment of the monetary differences calculated for The representative market rates referred to in Article 3a of Spain ; Regulation (EEC) No 3152/85, to be applied for certain Whereas, in accordance with Article 3a of Commission amounts in the context of the common agricultural policy and used to fix or, where appropriate, to adjust the mone­ Regulation (EEC) No 3152/85 of 11 November 1985 tary compensatory amounts, shall be set out in the Annex laying down detailed rules for the application of Regula­ hereto . tion (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 f), as last amended by Regulation (EEC) No 3237/90 (8), the rates This Regulation shall enter into force on 14 September used to fix or, where appropriate, adjust the monetary 1992.

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

Done at Brussels, 10 September 1992.

For the Commission Ray MAC SHARRY Member of the Commission

(') OJ No L 164, 24. 6. 1985, p. 6. (2) OJ No L 201 , 31 . 7. 1990, p. 9. (3) OJ No L 153, 17. 6. 1991 , p. 1 . 0) OJ No L 255, 1 . 9 . 1992, p. 1 . 0 OJ No L 310, 21 . 11 . 1985, p. 4. if) OJ No L 358, 8. 12. 1989, p. 28 . O OJ No L 312, 18. 11 . 1988 , p. 16. O OJ No L 310, 21 . 11 . 1985, p. 1 . H OJ No L 297, 29 . 10. 1991 , p. 17. 8) OJ No L 310, 9. 11 . 1990, p. 18 . (") OJ No L 164, 24. 6. 1985, p. 1 .

No L 266/6 Official Journal of the European Communities 12. 9 . 92

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 2,75661 58,8580 55,2545 48,5563 Dkr 0,509801 10,8851 10,2186 8,97989 DM 0,133650 2,85364 2,67893 2,35418 FF 0,448246 9,57077 8,98480 7,89563 F1 0,150590 3,21533 3,01847 2,65256 £ Irl 0,0498894 1,06522 0,878776 £ 0,0468349 0,938775 0,824973 Lit 2 135,16 2 004,44 1 761,45 Dr 16,3666 349,453 328,057 288,289 Esc 11,5483 246,575 231,479 203,418 Pta 8,56698 182,919 171,720 150,903