Property company Immofinanz offers Russian tenants temporary FX peg
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Vienna
AUSTRIAN property company Immofinanz has offered tenants in its five Moscow shopping centres a temporary fixed exchange rate for rental payments at a time of sharp volatility in the rouble.
It offered a rate of 40 roubles per US dollar and 50 roubles per euro for three months, which corresponds to exchange rates from early October. The rate lasts from January until March 2015, it said in a statement.
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