Euro (EUR) is the currency in Monaco

Euro (€) is the European Unions official currency, used by 17 of the member states, called the eurozone. It is also used by five other European countries, with or without formal agreements. It is the common currency for over 320 million europeans and the worlds second largest reserve currency.

Monaco is a microstate on the northern central coast of the Mediterranean Sea. The country is a monarchy with Prince Albert II as the head of state. Monaco is a tax haven, levies no income tax on individuals. This has attracted a number of wealthy residents.