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RAWALPINDI, Aug 9: President Gen Pervez Musharraf on Tuesday approved the issuance of a Rs20 denomination note on the eve of Independence Day on August 13. Governor State Bank of Pakistan 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 which are extremely difficult to counterfeit. The SBP will also introduce a Rs5,000 denomination note and plans to phase out all existing bills gradually.—APP
