Monarchy of Monaco Monarchy of Monaco The Sovereign Prince () or Princess of Monaco () is the reigning monarch and head of state of the Principality of Monaco. All reigning princes and princesses have officially taken the name of the House of Grimaldi, although some have belonged to other families (Goyon de Matignon or Polignac) in the male line. The present reigning prince is Albert II. Monaco, along with Liechtenstein and Vatican City, is one of only three states in Europe where the monarch still plays an active role in day-to-day politics. The Prince or Princess of Monaco exercises his or her authority
Monaco as 2001. Like Belgium, Finland, France, the Netherlands, and Spain, Monaco decided to put the minting date on its coins. This is why the first euro coins from Monaco have the year 2001 on them, instead of 2002, like the other countries of the Eurozone that decided to put the year of first circulation (2002) on their coins. Three different designs were selected for the Monégasque coins. However, in 2006, the design was changed after the death of ruling Prince Rainier to have the effigy of Prince Albert. Monaco also mints collectors' coins, with face value ranging from €5 to