31. 12, 92 Official Journal of the European Communities No L 387/1 E(Acts whose publication is obligatory) ~ COUNCIL REGULATION (EEC) No 3813/92 of 28 December 1992 on the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Articles 42 and 43 thereof, Having regard to the proposal from the Commission ('), Having regard to the opinion of the European Par- liament (3, Having regard to the opinion of the Economic and Social Committee (%), | Having regard to the opinion of the Monetary Committee, Whereas the internal market provided for in Article 8a of = the Treaty will comprise, from 1 January 1993, an area without internal frontiers; whereas application of the agrimonetary arrangements on the basis of : — Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of account and the conversion rates to be applied for the purposes of the .common agricultural policy (), — Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in agricul- ture (%), — Council Regulation (EEC) No 1678/85 of 11 _]une 1985 fixing the conversion rates to be applied in agri- culture (%), — Council Regulation (EEC) No 129/78 of 24 January 1978 on the exchange rates to be applied for the purposes of the common agricultural structures policy (), requires checks at the Community’s internal frontiers; whereas, therefore, agrimonetary arrangements must be () OJ No C 188, 25. 7. 1992, p. 23. () O] No C 337 21, 12. 1992. () OJ No C 332, 16. 12. 1992, p. 26. () OJ No L 164, 24. 6. 1985, p. 1. Regulation as last amended by Regulatlon (EEC) No 2205/90 (O] No L 201, 31. 7. 1990, p. Q] O_] No L 164, 24. 6. 1985, p. 6. Regulation as last amended by Regulation (EEC) No 2205/90. () OJ No L 164, 24. 6. 1985, p. 11. Regulation as last amended by Regulation (EEC) No 3679/92 (OJ No L 370, 19. 12. 1992, 73 p- 73). () OJ No L 20, 25. 1. 1978, p. 16. established which are compatible with the internal market - and the Regulations in question should be repealed ; Whereas the ecu was defined by Council Regulation (EEC) No 3180/78 of 18 September 1978 changing the value of the unit of account used by the European Mon- etary Cooperation Fund (*) ; whereas it should be p0551ble to use this unit of account to fix and express the prices or amounts established under the common agricultural policy ; Whereas, prior to the achievement of economic and monetary union, prices and amounts fixed in ecus must be paid in national currency and the conversion rates applicable in the agricultural sector must therefore be determined ; whereas such rates must be reasonably stable while closely reflecting actual economic and monetary circumstances ; whereas, without prejudice to the rates provided for in Article 22 of Council Regulation (EEC) No 4253/88 of 19 December 1988, laying down pro- visions for implementing Regulation (EEC) No 2052/88 as regards coordination of the activities of the different structural funds between themselves and with the oper- ations of the European Investment Bank and the other existing financial instruments (°) specific rates may be necessary in certain special cases; Whereas, in the event of a monetary realignment, the agricultural conversion rates should in principle be adjusted immediately whereas, however, it may be de- sirable to make the adjustment to a certain extent gradu- ally in order to avoid market disturbance, as a result of minor adaptations, or it may be necessary to proceed in this manner in order to lessen the impact of major adjust- ments ; whereas, in all cases, a permissible bilateral mone- tary gap must not be overstepped if significant market disturbance is to be avoided; (* OJ No L 379, 30. 12. 1978, p. 1. Regulation as last amended by Regulatlon (EEC) No 1971/89 (OJ No L 189, 4. 7. 1989, ¢) Oj No L 374, 31. 12. 1988, p. 1.