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
Prince's Palace of Monaco a steady stream of visitors from Byblos, Tyre, and Sidon. Later the Phoenicians came to trade silk, oil, and spices with the natives. It was the Phoenicians who introduced to this area of the Mediterranean their god Melkart, later known by the Romans as "Hercules Monoikos". It was after this god that the Romans renamed the area "Portus Hercules Moneici", which has evolved to the present name of Monaco. The seat of the Prince of Monaco was established on the Rocher de Monaco ("Illustration 5") as a fortress in 1191 when the harbour, that is today lined by Monte Carlo,