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50 Rufiyaa

Issuer Maldives Monetary Authority
Year 2000-2009
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Composition Cotton paper
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Protection description a dhow sail visible when held to light; embedded security thread running vertically through the note.
Variants P#21a - 2000
P#21b - 2008
Comments

Thomas De La Rue has printed Maldivian currency since the islands' first modern banknotes, and this series continued that long-running contract into the early 2000s. The Maldives Monetary Authority was established in 1981, replacing the Maldives Monetary Board, and the rufiyaa series it commissioned has remained remarkably stable in design philosophy — conservative, durable, and oriented toward a population where fishing and later tourism drove the cash economy rather than any single dominant industrial sector.

P#21 carries only a watermark and security thread for authentication, a relatively modest security specification for the period, though De La Rue's cotton substrate was well-suited to the humid, salt-heavy conditions of atoll island circulation.