Taiwan to scrutinise lending on hot money fears: reports

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Taiwan's central bank has moved to inspect banks' foreign currency lending on fears that hot money inflows could cause the New Taiwan dollar to strengthen too much, according to reports on Friday.

Bloomberg, a news wire, cited an unnamed official at the Central Bank of the Republic of China (Taiwan) as saying that it had asked 65 domestic and foreign banks for details of their foreign currency lending to ensure that loans are not being used to speculate on the New Taiwan dollar.

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