Monaco Map

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Monaco    Introduction Back to Top

Monaco, small independent principality of Europe, forming an enclave in southeastern France, bordered on the south by the Mediterranean Sea and surrounded on the north, east, and west by the French department of Alpes-Maritimes. The principality, which lies east of Nice, is a famous resort. The country is 1.95 sq km (0.75 sq mi) in area. The population in the 1982 census was 29,876, and the 2001 estimate was 31,842. Monaco has one of the highest population densities of any country in the world, 16,329 persons per sq km (42,293 per sq mi). The principality is composed of four districts: Monaco, the capital; La Condamine; Monte Carlo; and Fontvieille. The official language of the country is French.
Monaco    Provinces Back to Top

None; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo

Monaco    People Back to Top

people speak Monégasque, a mixture of French and Italian. Italian and English are also spoken. The commune of Monaco, located on a rocky promontory, is an ancient fortified town. Among its points of interest are a cathedral, a palace in the medieval and Renaissance styles, and an oceanographical museum, established in 1910 by Prince Albert I. The Monte Carlo Opera and Monte Carlo Philharmonic Orchestra are here; the Monaco Grand Prix and Monte Carlo Rally are popular annual automobile-racing events.

Monaco's refusal to impose income taxes on its residents and on international businesses that have established headquarters there led to a severe crisis with France in 1962. A compromise was reached by which French citizens with less than five years residence in Monaco were taxed at French rates and taxes were imposed on Monegasque companies doing more than 25 percent of their business outside the principality.

Monaco    History Back to Top

Stone Age settlements in Monaco are preserved in the principality's Museum of Prehistoric Anthropology. In ancient times the headland was known to the Phoenicians, Greeks, Carthaginians, and Romans. In 1191 the Genoese took possession of it, and in 1297 the long reign of the Grimaldi family began. The Grimaldis allied themselves with France except for the period from 1524 to 1641, when they were under the protection of Spain. In 1793 they were dispossessed by the French Revolutionary regime, and Monaco was annexed to France. With the fall of Napoleon I, however, the Grimaldis returned; the Congress of Vienna (1815) put Monaco under the protection of Sardinia. The principality lost the neighbouring towns of Menton and Roquebrune in 1848 and finally ceded them to France under the terms of the Franco-Monegasque treaty of 1861. The treaty did restore Monaco's independence, however, and in 1865 a customs union was established between the two countries. Another treaty that was made with France, in 1918, contained a clause providing that, in the event that the Grimaldi dynasty should become extinct, Monaco would become an autonomous state under French protection.

In 1297 the principality was acquired by the house of Grimaldi, a Genoese family. In 1793, during the French Revolution, the Grimaldi were dispossessed and their principality was annexed by France. By the terms of the Treaty of Vienna, in 1815, the principality was made a protectorate of the kingdom of Sardinia. In 1861 Monaco was restored as an independent state under the guardianship of France. In 1993 Monaco was admitted to the United Nations.

Monaco    Culture Back to Top

In Monaco are the Roman Catholic cathedral, the prince's Genoese and Renaissance palace, and the Oceanographic Museum of Monaco, built in 1910. The casino itself contains a theatre designed by the 19th-century French architect Charles Garnier, which is the home of the Opera de Monte Carlo. During the 1920s many of the works of the famous Ballets Russes of Sergey Diaghilev were given their premiers there. There is also a Monte-Carlo national orchestra. The best known of the automobile events held in the principality are the Monte-Carlo Rally and the Grand Prix de Monaco. Pop. (1995 est.) 30,400.

Monaco    Land Back to Top

the international sports-car races, and the world-famous Place du Casino, the gambling centre in the Monte-Carlo section that made Monte-Carlo an international byword for the extravagant display and reckless dispersal of wealth. The country has a mild Mediterranean climate with annual temperatures averaging 61° F (16° C) and with only about 60 days of rainfall. Monthly average temperatures range from 50° F (10° C) in January to 75° F (24° C) in August.

Monaco    Economy Back to Top

Monaco's chief industry is tourism, and its facilities make it one of Europe's most luxurious resorts. Once a winter attraction, it now draws summer visitors as well to its beaches and expanded mooring facilities. The social life of Monte-Carlo revolves around the Place du Casino. The casino was built in 1861, and in 1967 its operations were taken over by the principality. Banking and finance and real estate are other important components of the services sector. The four sections, or quartiers, of Monaco are the town of Monaco, or “the Rock,” a headland jutting into the sea on which the old town is located ; La Condamine, the business district on the west of the bay, with its natural harbour; Monte-Carlo, including the gambling casino; and the newer zone of Fontvieille, in which various light industries have developed.

The principal occupations in Monaco are connected with the tourist trade, the economic foundation of the state. The sale of postage stamps and tobacco, banking and insurance, and the manufacture of pharmaceuticals and chemicals, electronic equipment, cosmetics, paper and cards, clothing and textiles, and plastic goods are also of economic importance. In 1993 the gross domestic product, which measures the total value of goods and services produced in the country, was $558 million. A major source of revenue is the great gambling casino at Monte Carlo. The economy of Monaco relies heavily on migrant labor, mainly from France and Italy. Monaco’s principal unit of currency is the French franc, consisting of 100 centimes.

Monaco, situated on the French Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The Principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. Monaco does not publish national income figures; the estimates below are extremely rough

Monaco    Communications Back to Top

modern automatic telephone system domestic: NA international: no satellite earth stations; connected by cable into the French communications system

Monaco    Politics Back to Top

National and Democratic Union or UND [leader NA]; National Union for the Future of Monaco or UNAM [leader NA]; Rally for the Monegasque Family [leader NA]

Monaco    Government Back to Top

Monaco's constitution of 1911 provided for an elected National Council, but in 1959 Prince Rainier III suspended part of the constitution and dissolved the National Council because of a disagreement over the budget. In 1961 he appointed instead a national assembly. The aforementioned crisis of 1962 with France led him to restore the National Council and to grant a new, liberal constitution. The council comprises 18 members, elected by universal suffrage for a term of five years. Government is carried on by a minister of state (who must be a French citizen) and three state councillors acting under the authority of the prince, who is the official chief of state. Legislative power is shared by the prince and the National Council. Since 1819 the judicial system has been based on that of France; since 1962 the highest judicial authority has been the Supreme Tribunal.

Monaco    Legal Back to Top

Legal system: based on French law; has not accepted compulsory ICJ jurisdiction Suffrage: 21 years of age; universal Executive branch: chief of state: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre, son of the monarch (born 14 March 1958) head of government: Minister of State Patrick LECLERQUE (since 5 January 2000) cabinet: Council of Government is under the authority of the monarch elections: none; the monarch is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government Legislative branch: unicameral National Council or Conseil National (18 seats; members are elected by popular vote to serve five-year terms) elections: last held 1 and 8 February 1998 (next to be held NA January 2003) election results: percent of vote by party - NA%; seats by party - UND 18 Judicial branch: Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council)

Monaco    organization Back to Top
International organization Member

ACCT, ECE, IAEA, ICAO, ICRM, IFRCS, IHO, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO, WMO, WToO

Monaco    Defence Back to Top

defense is the responsibility of France

Monaco    International Disputes Back to Top

None



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Monaco    Time Back to Top
Live Time and Date ( Click Here )

Monaco    Currency and General Information Back to Top
Countries Currency Unit EUR/Unit Units/EUR
DZD Algeria Dinars 0.0148829 67.1910
USD United States Dollars 1.14878 0.870489
ARS Argentina Pesos 0.392070 2.55056
AUD Australia Dollars 0.612775 1.63192
ATS Austria Schillings ** 0.0726728 13.7603
BSD Bahamas Dollars 1.14878 0.870489
BBD Barbados Dollars 0.577276 1.73227
BEF Belgium Francs ** 0.0247894 40.3399
BMD Bermuda Dollars 1.14878 0.870489
BRL Brazil Reals 0.494341 2.02289
GBP United Kingdom Pounds 1.63585 0.611301
BGL Bulgaria Leva 0.513841 1.94613
CAD Canada Dollars 0.720981 1.38700
CLP Chile Pesos 0.00175065 571.216
CNY China Yuan Renminbi 0.138787 7.20526
CYP Cyprus Pounds 1.72183 0.580778
CZK Czech Republic Koruny 0.0323821 30.8813
DKK Denmark Kroner 0.134586 7.43021
XCD East Caribbean Dollars 0.425474 2.35032
EGP Egypt Pounds 0.249597 4.00646
EUR Euro 1.00000 1.00000
FJD Fiji Dollars 0.513766 1.94641
FIM Finland Markkaa ** 0.168188 5.94573
FRF France Francs ** 0.152449 6.55957
DEM Germany Deutsche Marks ** 0.511292 1.95583
XAU Gold Ounces 346.905 0.00288263
GRD Greece Drachmae ** 0.00293470 340.750
HKD Hong Kong Dollars 0.147291 6.78928
HUF Hungary Forint 0.00411741 242.871
ISK Iceland Kronur 0.0114863 87.0603
INR India Rupees 0.0235735 42.4205
IDR Indonesia Rupiahs 0.000117239 8,529.58
IEP Ireland Pounds ** 1.26974 0.787564
ILS Israel New Shekels 0.243985 4.09862
ITL Italy Lire ** 0.000516457 1,936.27
JMD Jamaica Dollars 0.0241290 41.4438
JPY Japan Yen 0.00866390 115.421
JOD Jordan Dinars 1.62044 0.617117
LBP Lebanon Pounds 0.000759272 1,317.05
LUF Luxembourg Francs ** 0.0247894 40.3399
MYR Malaysia Ringgits 0.302509 3.30569
MXN Mexico Pesos 0.127522 7.84178
NZD New Zealand Dollars 0.506007 1.97626
NOK Norway Kroner 0.129838 7.70191
NLG Netherlands Guilders ** 0.453780 2.20371
PKR Pakistan Rupees 0.0191783 52.1423
PHP Philippines Pesos 0.0225604 44.3255
XPT Platinum Ounces 586.983 0.00170363
PLN Poland Zlotych 0.279714 3.57509
PTE Portugal Escudos ** 0.00498798 200.482
ROL Romania Lei 0.0000348578 28,688.01
RUR Russia Rubles 0.0369151 27.0892
SAR Saudi Arabia Riyals 0.306343 3.26431
XAG Silver Ounces 5.34978 0.186923
SGD Singapore Dollars 0.623260 1.60447
SKK Slovakia Koruny 0.0239453 41.7618
ZAR South Africa Rand 0.101476 9.85451
KRW South Korea Won 0.000872331 1,146.35
ESP Spain Pesetas ** 0.00601012 166.386
XDR IMF Special Drawing Rights 1.43439 0.697159
SDD Sudan Dinars 0.00441838 226.327
SEK Sweden Kronor 0.110764 9.02819
CHF Switzerland Francs 0.682133 1.46599
TWD Taiwan New Dollars 0.0329162 30.3802
THB Thailand Baht 0.0264319 37.8331
TTD Trinidad and Tobago Dollars 0.187709 5.32739
TRL Turkey Liras 0.000000877233 1,139,947.58
VEB Venezuela Bolivares 0.00124867 800.850
ZMK Zambia Kwacha 0.000275553 3,629.07