Watch List notes:

World Notes, Madagascar, Banque de Madagascar et des Comores, 100 francs, 500 francs, 1952, Institut d'Emission Malgache, 500 francs, 1961, 100 francs, 1966, Banque Centrale, 500 francs, 5000 francs (Pick 46a, 47a, 53, 57a, 64a, 73b), P.46, very fine to good very fine, P.47a, 53, very good to fine, balance uncirculated (6)