Economy, Folklore and Tourism
15c Seborgian coinThanks to the publicity as a principality, tourism expanded. The principality's historic town centre was restored, ensuring that its charms were protected from commercial overdevelopment.
A local currency, the luigino, was issued from 1994 to 1996. The luigino is accepted inside the city (along with the legal currency, the euro, and before that both Italian lira and French franc); it has no legal value outside the town. Some claim that the Italian government did not welcome this initiative. It is not clear what is the total amount of luigini issued.
The luigino's value is pegged at US$6.00, which would make it the world's highest-valued currency unit if it were considered an official currency.
Stamps are also issued.
Read more about this topic: Principality Of Seborga
Famous quotes containing the words folklore and/or tourism:
“So, too, if, to our surprise, we should meet one of these morons whose remarks are so conspicuous a part of the folklore of the world of the radio—remarks made without using either the tongue or the brain, spouted much like the spoutings of small whales—we should recognize him as below the level of nature but not as below the level of the imagination.”
—Wallace Stevens (1879–1955)
“In the middle ages people were tourists because of their religion, whereas now they are tourists because tourism is their religion.”
—Robert Runcie (b. 1921)