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The Banque de Syrie et du Grand-Liban was a French-controlled institution operating under the Mandate, and its notes were printed by the Banque de France — an arrangement that reflected Paris's determination to keep monetary control firmly within metropolitan hands rather than delegating it to a colonial printer. The 1930 series was issued against a backdrop of deepening economic strain in the Levant, as the effects of the global depression began disrupting trade through Beirut.

Pick 29A is distinguished from the closely related 29 by signature combination — a detail that trips up collectors more often than it should.