Watch List notes:

Institut d'Émission Malgache, Repoblika Malagasy, 20 and 200 Ariary, ND (1961), 1000 and 100 Franc Banque de Madagascar et des Comores notes (Pick 46 & 48) with black overprint on obverse only with title, "FAMOHAM - BOLAN'NY / REPOBLIKA MALAGASY", and denomination,, (Pick 52, 54, TBB B102b, B104d), 1000 Francs pinholes and minor rusting, very fine, 100 Francs pressed but good very fine.

Estimate: £150 - £250