Monaco
Despite not being a member of the European Union, in 1999 Monaco also adopted the euro. This is mainly because Monaco never had its own currency and was using the French one, so when France switched to the euro Monaco had no option but to follow suit. The European Union has a special agreement with Monaco that allows this country to mint a limited number of euro coins. Late in 2001, Monaco issued 51,200 starter kits for the nominal price of €15,25 (100 francs) each, however, today their price on commercial websites is more than €600.
Read more about this topic: Euro Starter Kits
Famous quotes containing the word monaco:
“If there is anything so romantic as that castle-palace-fortress of Monaco I have not seen it. If there is anything more delicious than the lovely terraces and villas of Monte Carlo I do not wish to see them. There is nothing beyond the semi-tropical vegetation, the projecting promontories into the Mediterranean, the all-embracing sweep of the ocean, the olive groves, and the enchanting climate! One gets tired of the word beautiful.”
—M. E. W. Sherwood (1826–1903)