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The Banque de Syrie et du Grand-Liban was a French concessionary bank operating under the League of Nations mandate system, with its currency linked to the French franc rather than to any locally-determined standard. The Syrian pound and Lebanese pound were introduced in 1924 to replace the Egyptian pound, which had served as the dominant currency through the earlier Ottoman and wartime periods.

Printing by the Banque de France places this note within a small circle of colonial and mandate-era issues that France produced through its own central bank facility rather than through commercial security printers — an arrangement that reflected the political sensitivity of the mandate's monetary architecture as much as any practical consideration.