MONACO

(EUR) Currency News >>

CURRENCY:

Euro - EUR, Symbol €

DENOMINATIONS:

NOTE: €500, 200, 100, 50, 20, 10 and 5.

COIN: €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.

US DOLLAR ACCEPTED?

CREDIT/DEBIT CARDS AND ATMS:

All major credit cards are accepted.

CURRENCY EXCHANGE:

Foreign currencies are not accepted in shops or hotels. You can exchange currencies in some hotels but it might be best to arrange this beforehand.

TRAVELLER'S CHEQUES:

These are best in Euros, US dollars and Sterling and are widely accepted.

BANKING HOURS:

Mon-Sat 0900 - 1630 (closed at lunchtime).

CURRENCY RESTRICTIONS:

N/A

COUNTRY OVERVIEW:

Monaco is officially called the Principality of Monaco and is a city-state in South West Europe. Monaco is widely regarded as a wealthy nation and a tax haven. The state is a constitutional monarchy and also a principality. The capital is Monaco and the official language is French.

POPULATION:

Around 32 million.

ECONOMY:

The main element of the economy in Monaco is tourism - it draws a large number of visitors. The casino is very popular with tourists, although the citizens of Monaco are not permitted to gamble there. Monaco is not a member of the EU but it has close links with France and does have the Euro as its currency. There is no income tax in Monaco.