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About Monaco

Monaco is a tiny, hilly country on the French Mediterranean coast; it is 9 mi east of Nice, France.
France borders it on three sides. Monaco has an area of 2 sq. km and a population of about 36000 people. It is the second smallest country in the world and the most densely populated.Monaco is situated along the area known as the French Riviera (Côte d’Azur), which has some of the world’s most beautiful beaches along the Mediterranean Sea.

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.

Since Monaco is both a city and an independent nation, Monaco is also the capital. Sometimes mistaken for the capital, Monte Carlo is only a region in Monaco, though it is the most populated region. Monaco is a constitutional monarchy and a principality, meaning the monarch holds the title of prince or princess.

It rarely gets too cold or too hot in Monaco. Winters are mild with average January temperature of about 8°C (46°F). The average high in the summer (July and August) is 26°C (79°F). There are usually 300+ days with no precipitation.

Monaco has a dynamic and diversified economic platform. The leading business sectors in the Principality are healthcare, banking and finance, high tech, tourism, international trade, shipping and real estate. The country harbours 5,000 businesses harnessing the talents of 119 different nationalities.

Monaco has a tourist business that attracts as many as 1.5 million visitors a year and is famous for its beaches and casinos.

Even though Monaco is not a member of the European Union, it is closely linked to the organization because of its relationship with France. As a result, Monaco uses the Euro as its form of currency.

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