How Does the Olympic Coins Issued

I. Sign the cooperation contract. According to the international practice, the package issuance plan of the modern Olympic

coins is generally put forward by the currency issuance organization of the hosting country ( in America, it need the approval

of the State Council ), and the issuance organization shall sign a cooperation contract with the Olympics Organization

Committee of the hosting city, clearly define the rights and the duties of the two sides. These rights and duties mainly

reflected in the following ways:

i. The issuance organization enjoy the rights of using Olympic emblem, mark, name, mascot and venues on the design of

the commemorative coins, and shall also obligate the duty of propagandizing the Olympic spirit and the people, history and

the natural environment of the hosting country through the design of the coins.

ii. The Olympics Organization Committee enjoys the rights of sharing the profits of commemorative coins on behalf of their

own or on behalf of Olympics organizations of different levels; state their views and raise suggestions on the draft designs

and shall obligate their duty of propagandizing the commemorative coins project in cooperation with the currency issuance

organization.

II. There is no fixed and unified proportion on the share of profits. According to international practice, the profits of hosting

Olympic Games shall be handed in to the Organization Committee of the hosting country unitedly by the contractor, then the

Organization Committee exercise the rights of distributing it. To be concrete, in the profit distribution of the Sydney Olympic

Games, the Organization Committee of Sydney share 7% of the total profits, the IOC share 3%, the Olympics Organization

Committee of the buying countries share 3%. The total profits account in the profits of every sale accumulatively, and

handed in to the Organization Committee of the hosting country in several stages ( generally 2-3 month ).

III. The earliest issuance of the Olympic Games Commemorative Coins shall be after the previous Olympic Games and its

following Paralympic Games, otherwise, it would affect the issuance of the commemorative coins of the previous Olympic

Games.

   

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