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flag Taiwan's central bank to inspect banks to curb speculative foreign capital inflows.

flag Taiwan's central bank will inspect local and foreign banks to prevent speculative inflows of "hot money" into the country. flag The inspections aim to ensure that capital coming into Taiwan is used for investing in local stocks and not for currency speculation. flag The bank also monitors currency forward contracts to ensure they are based on genuine business needs. flag This move comes as Taiwan's foreign exchange reserves hit a record high, now at $582.832 billion.

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