50 euro note

The changeover period during which the former currencies' notes and coins were exchanged for those of the euro lasted about two months, from 1 January 2002 until 28 February 2002. The official date on which the national currencies ceased to be legal tender varied from member state to member state.[3] The earliest date was in Germany, where the mark officially ceased to be legal tender on 31 December 2001, though the exchange period lasted for two months more. Even after the old currencies ceased to be legal tender, they continue to be accepted by national central banks for periods ranging from ten years to forever.[3][21]

Notes printed before November 2003 bear the signature of the first president of the European Central Bank, Wim Duisenberg. He was succeeded on 1 November 2003 by Jean-Claude Trichet, whose signature appears on issues from November 2003 to March 2012. Notes issued after March 2012 bear the signature of the third president of the European Central Bank, incumbent Mario Draghi.[4]

The first series issues do not reflect the expansion of the European Union, as Cyprus is not depicted on the notes as the map does not extend far enough east, and Malta is also missing as it does not meet the current series' minimum size for depiction.[22]

Since the European Central Bank plans to redesign the notes every seven or eight years after each issue, a new 50 note was put into circulation on 4 April 2017.[10] New production and anti-counterfeiting techniques are employed on the new notes, but the basic design remained on the same theme (bridges and arches) and continues to use colours identical to the previous series. However, the new note is visibly distinguishable from the old one.[23]

The watermark on the 50 euro note

The fifty euro note contains the following security features:

• Colour changing ink[12] used on the numeral located on the back of the note, that appears to change colour from purple to brown, when the note is tilted.[25]
• A see through number[12] printed in the top corner of the note, on both sides, appear combine perfectly to form the value numeral when held against the light.[26]
• A hologram,[12] used on the note which appears to see the hologram image change between the value and a window or doorway, but in the background, it appears to be rainbow-coloured concentric circles of micro-letters moving from the centre to the edges of the patch.[25]
  

  Colour-shifting ink in the denomination
• A EURion constellation;[12] the EURion constellation is a pattern of symbols found on a number of banknote designs worldwide since about 1996. It is added to help software detect the presence of a banknote in a digital image.[12]
• Watermarks,[12] which appear when held up to the light.[12]
• Raised printing[12] in the main image, the lettering and the value numerals on the front of the banknotes will be raised.[27]
• Ultraviolet ink;[12] the paper itself does not glow, fibres embedded in the paper do appear, and be coloured red, blue and green, the EU flag is green and has orange stars, the ECB President's, currently Mario Draghi's, signature turns green, the large stars and small circles on the front glow and the European map, a bridge and the value numeral on the back appear in yellow.[28]
• Microprinting,[12] on various areas of the banknotes there is microprinting, for example, inside the "ΕΥΡΩ" (EURO in Greek characters) on the front. The micro-text is sharp, but not blurred.[28]
  

  Microprinting next to the ECB President's signature
• A security thread,[12] embedded in the banknote paper. The thread will appear as a dark stripe when held up to the light. The word "EURO" and the value is embedded in tiny letters on the thread.[26]
• Perforations[12] in the hologram which will form the euro symbol. There are also small numbers showing the value.[26]
• A matted surface;[12] the note paper is made out of pure cotton, which feels crisp and firm, but not limp or waxy.[27]
• Barcodes,[12]
• A serial number.[12]

• Watermark: When the note is held under a normal light source, a portrait of Europa and an electrotype denomination appear on either side.
• Portrait Window: When the note is held against the light, the window in the hologram becomes transparent and reveals a portrait of Europa which is visible on both sides of the note.
• Portrait Hologram: When the note is tilted, the hologram – the silver-coloured stripe on the right of the note – reveals a portrait of Europa as well as the "€" symbol, the main image and the value of the banknote.
• Emerald Number: When the note is tilted, the number "50" on the bottom left corner of the note displays an effect of the light that moves up and down. The number "50" also changes colour from emerald green to deep blue.
• Security Thread: When the note is held to the light, the security thread appears as a dark line. The "€" symbol and the value of the note can be seen in tiny white lettering in the stripe.
• Microprinting: Some areas of the banknote feature a series of tiny letters. The microprinting can be read with a magnifying glass. The letters are sharp, not blurred.