1 Livre

The Banque de Syrie et du Liban was a French-chartered institution — its concession dated to 1919 — still operating as Lebanon's currency authority well after independence. By 1950 the political situation had become awkward: Syria had formally separated its currency union with Lebanon in 1948, establishing its own monetary council, yet the Banque continued issuing notes denominated in the shared Livre for Lebanese circulation alone. This note belongs to that post-separation period, when the institution's dual-nation name was already an anachronism.

Bradbury Wilkinson printed the series at their New Malden works in Surrey. The watermark is the sole security feature — modest even by the standards of the day.