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The Banque de Syrie et du Liban was a French concessionary institution — its note-issuing rights derived from a 1919 mandate arrangement, not from any independent Lebanese or Syrian financial authority. By 1939, that arrangement was under pressure from nationalist movements in both territories, and France's grip on the Levant was already visibly loosening. These notes continued circulating through the fall of France in 1940, the Vichy interlude, and the Free French takeover of Syria and Lebanon in 1941, all without reissue.

Bradbury Wilkinson produced the plates in London. The bank's Paris directorate controlled issuance from abroad.