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Property company Immofinanz offers Russian tenants temporary FX peg

Sat, Dec 27, 2014 - 5:50 AM

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...

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