Monaco euro coins catalog
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Monaco euro coins description
Principality of Monaco (fr. Principaute de Monaco)
Area: 2.02 km2
Population: 32.5 thousand people (2013)
Official language: French
Monetary unit before the introduction of the euro: Monegasque franc = 100 centimes, French franc = 100 centimes
of the euro: from 1 January 1999, from 1 January 2002 in cash
Head of State: Princepate
Form of government: constitutional monarchy
Despite the fact that the Principality of Monaco is not a member of the European Union, this small state is still allowed to issue euro coins with its own national side design.
Indeed, back in 1925, an agreement was concluded between Monaco and France, which became the basis for further economic obligations between the two states. So, before the introduction of the euro, the Principality used the French franc along with its own national currency - the Monegasque franc. Based on this, on December 24, 2001, a currency agreement was concluded between Monaco and France on behalf of the European Union, according to which the Principality received the right to use the euro as the state currency and issue euro coins with its own national side. Under this agreement, Monaco received the right to issue its own euro coins in the amount of 1/500 of the quota of the French Republic. Ten years later, on November 29, 2011, a direct foreign exchange agreement between Monaco and the European Union.
According to it, the fixed part of the euro coin issue quota for Monaco in 2012 amounted to 2.34 million euros. In the future, it is possible to change this limit annually, depending on the economic indicators in France.
The head of Monaco is the prince, whose power is not absolute, but limited by the constitution and the government. In 2002, during the introduction of the euro into cash circulation, Rainier III was the reigning prince of Monaco.
On coins of small denominations - 1, 2 and 5 eurocents - the image of the coat of arms of Monaco is engraved. The modern coat of arms of the Principality of Monaco is a shield with red diamonds on a white background. He is supported by two monks with drawn swords - this is a reflection of the historical event when, during the conquest of Monaco in 1297, Francesco Grimaldi entered the city with his people, disguised as monks, with swords hidden under their cassocks. The shield is surrounded by the chain of the Order of St. Charles - the highest state award of Monaco.
Under the shield and under the feet of the monks there is a ribbon with the motto of the Grimaldi family: Deo Juvante (lat. "With God's help"). The coat of arms is crowned with a princely crown.
The design of the coins is based on the coat of arms of the Principality engraved on a 1982 silver 100-franc coin by the French medalist Robert Cochet (1903-1988). Their modern revision was made by Nicolas Cozon. This coin emphasizes the sovereignty of Monaco.
The design of coins of medium denomination - 10, 20, 50 eurocents - is also made on the basis of one of the princely coins issued earlier. Namely, 10 Monegasque francs of the 1989 sample, whose design was created by the French sculptor and engraver Roger Bernard Baron (Roger Bernard Baron, 1907-1944). They depict an equestrian knight from the seal of the Grimaldi dynasty. The design of these coins was also finalized by Nicolas Cozon.
For 1 euro, portraits of Prince Rainier III and Crown Prince Albert are presented as a symbol of the continuity of power in the future course of history.
2 euros - a portrait of the 12th Prince of Monaco Rainier III (Rainier III, 1923-2005), who ruled the country in 1949-2005. The author of the images on these bimetallic coins is Nicolas Cozon.
After the death of Rainier III on April 6, 2005, his son Albert II inherited the princely title. In connection with the change of the monarch in December 2006, Monaco issued coins for the circulation of a new sample.
Coins in denominations of 1, 2 and 5 euro cents have hardly undergone any modifications. They still have the image of the coat of arms of the Grimaldi dynasty. However, in accordance with the recommendation of the European Commission "On the general rules for the design of national sides of European coins for circulation" dated June 3, 2005, which prescribes the unification of the designs of euro coins of the eurozone states according to certain rules, the name of the issuing state and the year of issue were entered into the inside of the coins.
Coins of 10, 20 and 50 euro cents of the second type began to contain the image of the monogram of the ruling 46
Prince Albert II of Monaco, representing two letters A, topped with a princely crown. The profile portrait of Prince Albert II of Monaco is engraved on bimetallic coins of 1 and 2 euros. The son of Prince Rainier III of Monaco and Princess Grace Kelly Albert was born on March 14, 1958. From March 31 to April 6, 2005, he was regent and ruled the principality instead of his sick father. After the death of Rainier III, Albert II came to the throne on April 6, 2005.
The design of the coins of the new sample was also developed by Nicolas Cozon. The circulation of coins issued by Monaco is very limited. They are minted at the Paris Mint.
Since 2011, after the conclusion of a currency agreement between Monaco and the EU, the issue of 2-euro coins with a circulation of more than 1 million copies began.