1. In the Member States which have adopted the single currency, notwithstanding Article 7 of Directive 85/73/EEC, the amounts in euro provided for in that Directive shall be converted into national currency using the exchange rates fixed irrevocably in Regulation (EC) No 2866/98.
2. In the Member States which have not adopted the single currency, notwithstanding Article 2(2) of Regulation (EC) No 2799/98, the amounts in euro provided for in Directive 85/73/EEC and applied during 1999 shall be converted into national currency using the rates published in the "C" series of the Official Journal of the first working day of September 1998.
This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Communities.
It shall apply with effect from 1 January 1999. However, at the request of the party concerned, the provisions covered by the derogation provided for in Article 1(1) shall apply to all transactions carried out in the period between the date of entry into application and the date of entry into force of this Regulation.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 16 April 1999.
For the Commission
Franz FISCHLER
Member of the Commission
(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 32, 5.2.1985, p. 14.
(3) OJ L 24, 30.1.1998, p. 31.
(4) OJ L 139, 11.5.1998, p. 1.
(5) OJ L 359, 31.12.1998, p. 1.
