Watch List notes:

Banque de Syrie et du Liban, Lebanon, specimen 25 livres, 1945, zero serial numbers, pink-brown and multicoloured, ruins of an Umayyad Mosque at centre, value in blue top left and right, Busson and Letayf signatures, reverse green and multicoloured, a lion's head from a frieze at Baalbeck at centre, value in pink top left and right, (Pick 51s, Ayoub p. 128/129), mounting traces at left, star perforations, pink handstamp 'BILLET SPECIMEN NON REMBOURSABLE' at centre, good very fine and scarce.

Estimate: £500 - £700