"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.
He was asked to comment on the Indian government's decision to withdraw Rs 500 and Rs 1,000 currency notes from circulation.
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