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Blog · Macau Commemorative Notes

Macau MOP20 Beijing Winter Olympics Commemorative Note (2022)

2022 Macau Winter Olympics Commemorative MOP20

To celebrate the 24th Winter Olympic Games in Beijing, Bank of China Macau Branch issued MOP20 commemorative banknotes under Administrative Regulation No. 13/2021. As the official banking partner of the Games, BOC Macau linked winter sports imagery with local Macau landmarks.

Winter Games partnership

Under Administrative Regulation No. 13/2021, Bank of China Macau Branch issued two million MOP20 notes (Pick M23) for the Beijing 2022 Winter Olympics. As the Games’ official banking partner in Macau, BOC linked winter sports imagery with local heritage — notably the Ruins of St. Paul’s on the vertical reverse.

Unlike Hong Kong’s lottery system, Macau sold most notes at face value with a two-note per-person limit during the January 2022 distribution window. The lower premium at issue makes condition and complete presentation especially important for resale value today.

Obverse of the 2022 Macau MOP20 Beijing Winter Olympics commemorative banknote
The obverse shows the Bank of China Macau building with a snowflake bearing the Beijing 2022 Winter Games emblem. Image: Bank of China Macau Branch

Reverse design

The reverse uses a vertical layout showing a short track speed skater and the National Speed Skating Oval (“Ice Ribbon”), with the Ruins of St. Paul’s and a skating track pattern in the background. It reflects both Olympic spirit and Macau’s inclusive cultural identity.

Reverse of the 2022 Macau MOP20 Beijing Winter Olympics commemorative banknote
The vertical reverse pairs winter sports action with one of Macau’s best-known heritage sites. Image: Bank of China Macau Branch

Issue details

  • Registration ran from 1 to 13 December 2021; notes were distributed from 10 January 2022.
  • About 2 million notes were issued, largely sold at face value with a limit of two notes per applicant.
  • Beijing became the first city to host both Summer and Winter Olympic Games, making Macau’s 2008 and 2022 Olympic notes a popular pair for collectors.