25 Livres

The Banque de Syrie was established under French mandate authority following the collapse of Ottoman administration, and this 1920 issue belongs to the earliest phase of that transition — a moment when the monetary infrastructure of Greater Syria was being rebuilt almost from scratch. France had inherited a region where Ottoman paper had largely collapsed in credibility, and a new institution backed by the Banque de l'Indochine's capital structure was the chosen instrument for restoring confidence.

Bradbury Wilkinson's involvement is not surprising — they were the dominant choice for colonial and mandate-era issues requiring security printing at short notice. The Livre syrienne itself was pegged to the French franc at this stage, a political decision as much as a monetary one.