50 Livres

The Banque de Syrie et du Grand-Liban operated under French Mandatory authority, and by 1938 the political ground was shifting fast — the Alexandretta crisis was already stripping territory from the Syrian mandate, and war in Europe was a near-certainty. Notes from this final pre-war period circulated across a currency zone that would be severely disrupted within two years by the fall of France and the subsequent scramble over Vichy versus Free French control of the Levant.

Janneau & Deloche were a smaller Parisian security printer, not the dominant Banque de France establishment printers, which is worth noting — the mandate authorities were not always using first-tier contractors for these issues.