OVERVIEW : Monaco is the second smallest independent state in the world (after the Vatican) and is almost entirely urban. Monte Carlo is not the capital of Monaco but a government district. The country is divided into four areas: Monaco-Ville (the old city), the Condamine (port quarter), Monte-Carlo (business and recreation), and Fontvieille (recreation and light industry). With no natural resources to exploit other than its location and climate, the principality has become a resort for tourists and a tax haven for businesses. Monaco is six times the size of the Vatican and the world's most densely populated independent country.
HISTORY : The Phoenicians, and after them the Greeks, had a temple on the Monacan headland honoring Hercules. The principality took its name from Monoikos, the Greek surname for this mythological hero. After being independent for 800 years, Monaco was annexed to France in 1793 and placed under Sardinia's protection in 1815. By the Franco-Monegasque treaty of 1861, Monaco went under French guardianship but continued to be independent. A treaty made with France in 1918 contained a clause providing that, in the event that the male Grimaldi dynasty should die out, Monaco would become an autonomous state under French protection.
Monaco has a tourist business that attracts as many as 1.5 million visitors a year and is famous for its beaches and casinos, especially world-famous Monte Carlo. It had gaming tables as early as 1856.
MONEY : Monaco-imprinted Euro coins are rarely spotted in circulation, and are quickly pocketed by collectors. There are (of course!) numerous banks near the casino. In La Condamine, you’ll find banks on blvd Albert 1er.
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