Lebanon - 1 Livre 1939 - PMG 35 EPQ

Lebanon - 1 Livre 1939 - PMG 35 EPQ On 29 May 1937, two years before the expiration of its original 15-year issuance authority, the Banque de Syrie was granted another 25 years to issue in Lebanon a Lebanese pound separate from the Syrian pound, both of which could be used interchangeably in either state. Although the new currency was Lebanese in name, it remained a disguised French franc until 1941, when it was linked to the British pound sterling after the defeat of France and the invasion of Lebanon by the allied forces. Following its independence in 1943, Lebanon concluded a monetary agreement with France in 1948 separating the Lebanese pound from the unstable French franc (Law of 24 May 1949). 4,000,000 notes printed Observe: Arabic text; flowers; eagles; ram head; bull head Reserve: French text; antelope heads; roses; grapes; wheat; mountain; cedar trees. No security thread. Watermark: Eagle head. Printer: (Banque de France). 158 x 96 mm Pick: P15