Conditional reduction of currency
EUR
Climate, average max and min t°
Mediterranean with mild, wet winters and hot, dry summers; avg. maximum temperature (July) +24°; avg. minimum temperature (January) +8°
Time difference from Moscow
- 1 hour
Ethnic groups
French 47%, Monegasque 16%, Italian 16%, other 21%
History
Monaco was refounded in 1215 as a colony of Genoa when the Genoese built a fortress on the site of present-day Monaco. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center.
Government type
Constitutional monarchy
Executive branch
Council of Government
Legislative branch
Prince and National Council
Judicial branch
Supreme Court (Tribunal suprême), Court of Revision (Cour de révision), courts of first instance (Tribunal de première instance), justice of the peace (juge de paix)
GDP per capita rank
173 688 USD (2020)
Corruption perceptions index rank
No data
