10 Livres

The Banque de Syrie et du Grand-Liban was a French concessionary institution, not a state central bank — its note-issuing authority derived from a 1924 French mandate arrangement that placed Lebanese and Syrian currency under effective Parisian control. Printing by the Banque de France was deliberate policy, keeping production physically and administratively within France.

Serveau and Deloche were a serious pairing. Deloche engraved for the Banque de France on major French metropolitan issues of the same period, and his work on mandate-territory notes brings the same intaglio depth found on contemporary French domestic paper.

The P#26 series spans a five-year window that overlapped with considerable instability — the Great Syrian Revolt of 1925–27 disrupted commerce across the mandate, and notes of this type would have circulated against that backdrop.