Watch List notes:

Republic India, 1959, 5 Rupees, Persian Gulf Issue, Signed by H.V.R. Iyengar, Z Prefix, S. No. Z3 353183, (KJ & RR # 6.12.2.1), pin holes, stains, folds, minor tears, about very fine, Very 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.