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What do the 5 Coloured Rings represent on the Olympic Flag?

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What do the 5 Coloured Rings represent on the Olympic Flag?

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The five rings stand for passion, faith, victory, work ethic and sportsmanship. The colours themselves are not the key to it, it is just a side note by the designer, Pierre De Coubertin that the ring colors are also those colors that appeared on all the national flags of the world when it was designed. They stand for the five continents.

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