No Post Found IMF Supports India's Demonetisation Decision | समाचार । विश्लेषण। विचार। ख़ास रिपोर्ट


IMF Supports India's Demonetisation Decision

न्यूज़ वर्ल्ड इंडिया | 0
| November 11 , 2016 , 11:40 IST
[caption id="attachment_202154" align="aligncenter" width="700"]IMF Supports India's Demonetisation Decision IMF Supports India's Demonetisation Decision[/caption] The IMF on Friday said it supports India's efforts to fight corruption through demonetisation, but noted that the transition needs to be managed "prudently" to minimise any disruption. "We support the measures to fight corruption and illicit financial flows in India. Of course, given the large role of cash in every day transaction in India's economy the currency transition would have to be managed prudently to minimise possible disruption," the International Monetary Fund (IMF) spokesman Gerry Rice told reporters at a news conference in response to a question. ALSO READ: Adoption Of GST Poised To Boost India’s Medium-Term Growth: IMF He was asked to comment on the Indian government's decision to withdraw Rs 500 and Rs 1,000 currency notes from circulation. "I am just saying that when countries make these kinds of move, which is not exceptional - countries do this quite often - the transition needs to be managed very well," Rice said in response to another question.

Leave a comment

Most Recent