25 Livres

The Banque de Syrie et du Grand-Liban was a French concessionary institution — a private bank granted the right of note issue under the French Mandate, not a state central bank. By 1939 that arrangement was already politically contentious, with nationalist movements in both Syria and Lebanon pushing hard against the financial architecture of the Mandate. This note was issued into that friction.

Printing by the Banque de France and engraving by G. Beltrand places it firmly in the high-quality intaglio tradition of French colonial currency production. The K suffix on Pick #39 designates a specific date variety within the series.