Watch List notes:

Republic India, 1959, 10 Rupees, Persian Gulf Issue, Signed by H.V.R. Iyengar, A Inset, Z Prefix, S.No. Z12 072030, (KJ & RR # 6.12.3.1), pin holes, folds, minor stains, strong watermark area, very neat example, about extremely fine, Rare.

Note: The Z prefix on this note identifies it as a "Persian Gulf Note" which the Reserve Bank of India circulated in Bahrain, Muscat & Oman, Kuwait, Qatar, and the United Arab Emirates.