2019-04-08 Mon

Monaco is a tiny independent city-state on France’s Mediterranean coastline known for its upscale casinos, yacht-lined harbor and prestigious Grand Prix motor race, which runs through Monaco’s streets once a year. Monte-Carlo, its major district, is home to an elegant belle-époque casino complex and ornate Salle Garnier opera house. It also has many luxe hotels, boutiques, nightclubs and restaurants.

Monaco has the world's second-highest GDP. One of Monaco's main sources of income is tourism. The franc was the official currency of the Principality of Monaco until 1995, when it changed to the French franc. The franc was subdivided into 100 centimes or 10 decimes. The Monegasque franc circulated alongside the French franc with the same value.

Monaco is not formally a part of the European Union (EU), but it participates in certain EU policies. Through its relationship with France, Monaco uses the euro as its sole currency now. Today we are discussing 20 francs banknote of 2014. The note specifications are as follows:

The obverse depicts the Portrait of Princess consort Grace Patricia Kelly to right along with the official Coat of Arms. The reverse shows the Prince's Palace of Monaco to left and a filmstrip with an intimate kissing scene from Rear Window (1954) with James Stewart and Grace Kelly to right.

Image Courtesy: WorthPoint