Hmmm,
At first I thought it looked like there was a regular optical security device already placed on the banknote and then somehow a negative version of one was placed over it and even misplaced.
but
Now it kind of looks to me like whatever put the negative gold “50” on the banknote removed part of the original OSD.
or
Maybe the whole thing the way it is was placed on the banknote in one go.
That’s a weird one!