Watch List notes:

Panama, Banco Central de Emision, 1 balboa, 1941, series of 1941, serial 034959, "Arias" note. SCWPM-22a. Popular "Arias Issue" or "Seven Day" note that only circulated for a week from Oct. 2 to Oct. 9, 1941. VF, some staining but still quite colorful, no pinholes or tears.
(600 - 900 USD)