Currency of Monaco: Euro
Euro · EUR · Foreign Legal Tender
Who Issues Monaco's Money
Rather than issuing its own primary currency, Monaco uses the Euro (EUR) from another monetary system. The currency appears here as € and carries ISO 4217 numeric code 978. A formal monetary agreement provides the legal basis for this use of the external currency. The country also issues locally distinctive supplementary coins within that broader currency system.
For Monaco, the underlying Euro comes from the external monetary system associated with European Central Bank. Monaco uses that currency as legal tender without creating a separate national series of EUR banknotes. A monetary agreement defines the formal relationship and any national coin rights.
Exchange Rate for EUR
In Monaco, a reference quote for Euro (EUR) is most useful when its date and currency pair are kept visible. That separates movement in the underlying rate from the extra costs a bank, card issuer or transfer service may impose. The page uses Regional or system monetary authority for the institutional currency context.
Banknotes and Coins
Banknotes
Euro banknotes in circulation include €5, €10, €20, €50, €100 and €200. First-series €500 notes can also remain in circulation, although no new €500 notes are issued.
Coins
Euro coins have a common European side and a national side. All eight standard denominations can circulate throughout the euro area.
Frequently Asked Questions
What currency is used in Monaco?
Monaco uses the Euro (EUR) as legal tender even though that currency is issued outside its own monetary system. A formal monetary agreement also governs national coin-issuing rights.
Who manages the currency system in Monaco?
European Central Bank is the main monetary authority identified for Monaco.
Are the exchange rates for Monaco real-time?
In Monaco, the converter uses the latest available reference observation for a supported pair and displays its observation date. It should not be read as a live executable quote. This keeps the comparison anchored to a dated observation.
Sources & methodology
For monetary-system facts, the primary reference is European Central Bank, supplemented by the applicable framework for Monaco. EUR identification follows ISO 4217, while exchange-arrangement classification is kept separate from dated market observations. That makes the comparison internally consistent.
View sources used for this page
- Regional or system monetary authority
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- European Central Bank - current euro banknotes
- European Central Bank - euro coins