
An independent city-state west of the French Côte d'Azur, the Principality of Monaco is the playground of Europe's celebrities and idle rich. They are drawn by the sun, glamorous lifestyle and, most importantly, tax-free income, not to mention being in close proximity to one of the world's most publicised and famous Royal families. There are more millionaires per capita in this, the world's most densely populated country, than anywhere else, but true 'Monagasques' make up only about 15 percent of the population in a country that is jam-packed with opulence, wealth and the world's most expensive real estate.
As anyone who has seen the legendary Grand Prix will know, Monaco and its unofficial capital Monte-Carlo (the country doesn't actually have a capital) aren't as good looking as its sleek residents and visitors; most of the buildings are unattractive monstrosities, and the tiered urban jungle is cut off from the shoreline by sweeping roads: the roads on which Formula 1 racing cars screech during the annual Grand Prix in the second week of May each year.
Monaco does, however, have a suitably glamorous history: disguised as a Franciscan monk, Francois Grimaldi reclaimed a fortress on the Rock of Monaco from a rival Italian bloc in 1297, giving the country its name, which is derived from the word monk. The country soon became a major port and prospered, and when Lord Honore II took power in 1604, he declared himself a Prince - a tradition that remains today. Later, Monaco was annexed by France, but the Grimaldis soon regained their power and in the late 1800s, in order to restore wealth to the country, Prince Charles III created the Societe des Bains de Mer, consisting of a casino, some hotels and a theatre, from which sprung today's glittering Monte-Carlo area.
If it's open spaces you are seeking, go elsewhere (apart from a few ornate parks there is little to enjoy); likewise, if your wallet is light, stay away, unless you want to try your luck at filling it in Monaco's landmark Roccoco Casino. However, if you want see and be seen, and rub cloaks with royalty, then Monaco is the place to be.
The unit of currency is the Euro (EUR), divided into 100 cents.
Money can be exchanged at banks, bureaux de change or hotels. Bank
hours are usually 9am to 12pm and 2pm to 4pm Monday to Friday and
are closed on weekends. The
Credit Foncier de Monacois open daily. Travellers cheques
(US$ are the preferred currency) are not widely accepted and should
be exchanged at banks or a bureaux de change. All major credit
cards are widely accepted.
| EUR 1 = | US$ 1.27 | £ 0.83 | C$ 1.29 | A$ 1.23 | R 10.70 | EUR 1.00 | NZ$ 1.60 |
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
Health Overview
In general, no immunizations are necessary for travel to Monaco
and there are no major health risks. The European Health Insurance
Card (EHIC) does not provide health cover in Monaco. It is advised
to carry enough personal medication with accompanying doctor's
letter. Medical insurance is recommended.
Passport/Visa Note
The borderless region known as the Schengen Area includes the
following countries: Austria, Belgium, Czech Republic, Denmark,
Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy,
Latvia, Lithuania, Luxembourg, Malta, Monaco, The Netherlands,
Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and
Switzerland. All these countries issue a standard Schengen visa
that has a multiple entry option, and which allows the holder to
travel freely within the borders of all the aforementioned
countries. Additionally, non-EEA passengers to Monaco must hold
proof of repatriation - such as return/onward tickets, the
necessary travel documentation for their next destination, and
sufficient funds to cover their expenses while in the country.
NOTE: It is highly recommended that your passport has at least six
months validity remaining after your intended date of departure
from your travel destination. Immigration officials often apply
different rules to those stated by travel agents and official
sources.
Note: Passport and visa requirements are liable to change at short notice. Travellers are advised to check their entry requirements with their embassy or consulate.
Monaco Tourism
Monaco Tourism Office, Monaco: +377 9216 6116 or
www.visitmonaco.com
Foreign Embassies in Monaco
Monaco Embassies

Monte-Carlo, unofficial capital of glamorous and lavish Monaco, is surprisingly unattractive and is embellished more by its citizens and visitors than its own attractions. The capital is a blend of ugly high rise buildings and windy roads, but does boast the legendary Casino, luxury hotels, elegant nightclubs and restaurants, views of the sparkling Mediterranean and of course, the Monaco Formula 1 Grand Prix.
Established in 1866, Monte-Carlo was named in honour of Prince Charles III and is the richest of the country's four quarters. For years, Monte-Carlo has been the playground of the rich and famous, from Hollywood starlets to royalty, and business people dodging the taxman. It is also one of Europe's foremost holiday resorts, but certainly not for the humble backpacker. The city has several attractions, such as the Oceanographic Museum and Aquarium, the Monaco Cathedral and the Prince's Palace, several gardens, and other attractions centred on the country's famous Royal Family, such as an exhibition of HSH Prince of Monaco's private collection of classic cars.
There are some interesting diversions, such as catamaran trips, watersports, yachting and the Azur Express tourist train that links up the city's attractions accompanied by multi-lingual commentary. Worth exploring is the Old Town, with its attractive City Hall, and of course when one is bored of sightseeing, the best diversion (and the cheapest) is merely to settle down with a fancy cocktail and people-watch.
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