IMF sees mid-term benefits from India’s 2016 currency ban

The International Monetary Fund sees medium-term benefits in India’s demonetization of high-value currency in November 2016 and believes the pain caused by the move is wearing off. At a fortnightly news conference, IMF official William Murray said the Fund saw “salutary benefits” and “potential benefits” going forward,  Press Trust of India reports. He said demonetization […]