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The Banque de Syrie et du Liban was a French concession bank — chartered under a 1919 mandate agreement and controlled largely by the Banque de l'Indochine — issuing currency across both Syria and Lebanon under French Mandatory authority. By 1939, that arrangement was politically strained: Syrian nationalists had been pressing for full independence, and the French had suspended the 1936 treaty that would have granted it. Notes of this period circulated across a territory whose political future was genuinely unresolved.

Bradbury Wilkinson printed the series from their New Malden works. The mandate itself collapsed within a few years of this note's issue date, with the bank eventually splitting its functions between the two successor states after 1943.