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President General Pervez Musharraf approved the issuance of new Rs 20 denomination note on the eve of Independence Day on August 13. Governor State Bank Dr Ishrat Hussain presented a prototype of the new note, already approved by the Cabinet.
He informed the President that the bill contains state-of-the-art international standard security features that were very difficult to counterfeit. The SBP will also introduce Rs 5000 denomination note and plans to phase out all existing bills gradually.

Copyright Associated Press of Pakistan, 2005

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