Amsterdam, September 4, 2007. A global partnership of financiers, led by Dutch development bank FMO, creates a large and innovative fund to develop local currency products in developing countries worldwide. The Currency Exchange Fund N.V. (TCX) will start up with a transaction capacity of US$ 1.2 billion for long-term local currency financing by its investors. The result: drastically reduced default probability, improved business sustainability and a major contribution to the development of local capital markets.

More information:

The Currency Exchange Fund
T: + 31 (0)20 521 9370
F: + 31 (0)20 521 9333
E: info@tcxfund.com
W: www.tcxfund.com