Monaco

Official name Principauté de Monaco (Principality of Monaco)
Form of government constitutional monarchy with one legislative house (National Council [24])
Head of state Prince: Albert II
Head of government1 Minister of State: Michel Roger, assisted by the Council of Government
Capital See footnote 2.
Official language French
Official religion Roman Catholicism
Monetary unit euro (€)3
Population (2013 est.) 37,100COLLAPSE
Total area (sq mi) 0.78
Total area (sq km) 2.02
Urban-rural population

Urban: (2011) 100%

Rural: (2011) 0%

Life expectancy at birth

Male: (2009) 78 years

Female: (2009) 85 years

Literacy: percentage of population age 15 and over literate

Male: not available

Female: not available

GNI per capita (U.S.$) (2011) 167,021

1Under the authority of the prince.

2The principality is a single administrative unit, and no separate area within it is distinguished as capital.

3Monaco uses the euro as its official currency, even though it is not a member of the EU.

Background of Monaco

The Genoese built a fortress on the site of present day Monaco in 1215. The current ruling GRIMALDI family first seized temporary control in 1297, and again in 1331, but were not able to permanently secure their holding until 1419. 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.

Monaco, officially Principality of Monaco, French Principauté de Monaco, sovereign principality located along the Mediterranean Sea in the midst of the resort area of the Côte d’Azur (French Riviera). The city of Nice lies 9 miles (15 km) to the west, the Italian border 5 miles (8 km) to the east. Monaco’s tiny territory occupies a set of densely clustered hills and a headland that looks southward over the Mediterranean. Many unusual features, however, have made Monaco among the most luxurious tourist resorts in the world and have given it a fame far exceeding its size.

Many visitors to Monaco alternate their hours between its beaches and boating facilities, its international sports-car races, and its 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.

Evidences of 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. A revision to the constitution in 2002 added females and their legitimate children to the line of succession. In 1997 the Grimaldi family commemorated 700 years of rule, and in 1999 Prince Rainier III marked 50 years on the throne. Shortly before his death in 2005, his son Albert became regent. The principality joined the United Nations in 1993. Though not a member of the European Union (EU), Monaco phased out the French franc for the single European currency of the euro by 2002.

Monaco’s refusal to impose income taxes on its residents and on international businesses that have established headquarters in the principality 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. In the early 21st century, some European nations criticized Monaco’s loose banking regulations, claiming that the principality sheltered tax evaders and money launderers.

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.

A substantial portion of the government’s revenues comes from taxes on commercial transactions; additional revenue is drawn from franchises on radio, television, and the casino, from state-operated monopolies on tobacco and postage stamps, from sales taxes, and from the taxes imposed since 1962.

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. Business conferences are especially important. 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 diverse services sector.

A majority of Monaco’s population is composed of French citizens (nearly half); a smaller but significant number are Italian, Swiss, and Belgian. Only about one-sixth of the population claims Monegasque descent. Most of the people are Roman Catholics. The official language is French.

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.

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 Opéra de Monte Carlo. During the 1920s many of the works of the famous Ballets Russes of Serge Diaghilev were given their premieres 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.

Geography of Monaco

Monaco is located towards the western part of Europe, and covers an area of 485 acres of land. Monaco geography shows that Monaco is a coastal strip of land with certain areas having a higher elevation than the others.

The highest point in Monaco lies at an elevation of 206 feet. The latitudinal and longitudinal extent of Monaco is 43° 44' North and 7° 24' East. Overall Monaco geography is characterized by the presence of hilly, rugged terrain.

The climate of Monaco is one of the major aspects of the geography of Monaco. Climatically, Monaco weather exhibits a Mediterranean type of climate with mild winters that are wet and hot dry summers. Therefore, Monaco has a pleasant climate with absence of extreme types of temperature.

Since Monaco borders the Mediterranean sea, the geography of Monaco features a range of flora and fauna that is typical of the Mediterranean lands. The vegetation and natural habitat of Monaco are greatly influenced by the sea conditions. Palms, aloes, carobs are some of the major species of plants found in Monaco. Besides, a few shrubs and flowers are also found in Monaco.

• • This small country is 0.8 square miles (1.95 square kilometers) in size, or approximately the same size as Central Park in New York City. It is the smallest state in the world after Vatican City. Located on the Mediterranean Sea, Monaco is surrounded by France on three sides. Nice, France, is the nearest large city at a distance of 11 miles (18 kilometers). Monaco is rocky and situated on steep hills that drop off into the Mediterranean. Part of the Côte d'Azur, Monaco's terrain and geography are typical of the northwestern area of the Mediterranean. The climate is mild year-round, with an average low temperature of 47 degrees Fahrenheit (8 degrees Celsius) and an average maximum high of 78 degrees Fahrenheit (26 degrees Celsius). Monaco is divided into four neighborhoods: Monaco-Ville, the old original city, which is on a rocky promontory extending into the sea; La Condamine, along the port; Monte-Carlo, the main resort, residential and tourist area; and Fontvieille, a newly constructed area on land reclaimed from the sea.

Demography of Monaco

Recent surveys place the permanent population of Monaco at about 30,744. Approximately 22 percent are native Monegasque, 35 percent French, 18 percent Italian, and another 25 percent consist of various other nationalities. Roman Catholicism is the main religion, practiced by 95 percent of the population.

• Linguistic Affiliation. French is the official language, but Italian and English are also spoken frequently. Monegasque, a language derived from both French and Italian, is spoken by native residents of Monaco, although only about 22 percent of the population claims direct Monegasque descent.

• Symbolism. The Monegasque flag consists of two equal horizontal bands of red and white: red on top, white beneath. The state seal and emblem of the House of Grimaldi is made up of a shield with red and white diamonds flanked by two monks holding swords pointed upward, with a crown draped with red cloth in the background. The monks represent the legend of François Grimaldi, and who supposedly seized control of Monaco by disguising himself as a Franciscan monk, entering the fortress unnoticed during the night.

History of Monaco

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.

Facts about Monaco

• What is Monaco ?

The Principality of Monaco is a sovereign city-state in Europe.--->>>>>Read On.<<<<

Disclaimer

This is not the official site of this country. Most of the information in this site were taken from the U.S. Department of State, The Central Intelligence Agency, The United Nations, [1],[2], [3], [4], [5],[6], [7], [8], [9], [10], [11], [12], [13], [14],[15], [16], [17], [18], [19], [20], [21], [22], [23], [24],[25], [26], [27], [28], [29], [30],[31], [32], [33], [34], and the [35].

Other sources of information will be mentioned as they are posted.