Banque Du Liban - Beirut, Lebanon

The Ottoman domination of Lebanon, which had lasted for more than four centuries, came to an end on October 6, 1918, when the Levant Marine Division entered the roads of Beirut. The paper money issued by the Turkish Treasury, which had a forced exchange rate, was also rendered obsolete. In order to normalize economic life in the occupied territories and cover the expenses of the Allied forces, the English authorities imposed the bank note of the National Bank of Egypt, whose currency was, since October 30, 1916, closely linked to the sterling and entirely covered by securities issued in sterling.

With the signing of the convention between the French and British governments on September 15, 1919, a new occupying authority was put in place in Lebanon. French troops replaced the British,  

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under the command of General Gouraud, who was appointed on October 12, 1919 as "High-Commissioner of the French Republic in Syria and Cilicia, and Commander-in-Chief of the Levant Army". This rendered the use of the Egyptian currency, suitable to the British Treasury, inappropriate. To obtain Egyptian pounds, France, being the sole occupying power, had to offer increasing amounts of francs.

During the First World War, the French franc had managed to maintain its status thanks to advances from the British and American Treasuries. However, in 1919, the French franc registered a drop due to the British government's decision to stop these advances, thus breaking the alliance between the franc, the