Watch List notes:

Romania: Ministerul Finanţelor 20 Lei ND(1948), signatures Vasile Luca and O. Rubicec, watermark "RPR" and lower signature title "Directorul Bugetului", P.80, very nice original shape with stronger vertical fold and soft diagonal bend and a few minor creases lower margin, otherwise crisp paper and bright colors, Condition: VF+/XF.
[taxed under margin system]