Watch List notes:

Institut d'Émission Malgache, Repoblika Malagasy, 20, 100 and 200 Ariary, ND (1966), group of three notes, 20 ariary featuring women spinning cotton on obverse and baobab trees on reverse, 100 ariary featuring the Hauts-Plateaux, a Malagasy woman and zebu-horn carvings, 200 ariary shares the Banque de Madagascar et des Comores 1000 Franc design (Pick 48),, (Pick 57a, 58a, 59a, TBB B107a, B108a, B109a), 20 ariary choice uncirculated, 100 very fine, and 200 with pinholes but also very fine.

Estimate: £100 - £150