Politics of Monaco Politics of Monaco The politics of Monaco take place within the framework of a constitutional monarchy, with the Prince of Monaco as head of state, with some powers devolved to several advisory and legislative bodies. Historically, the princes of the ruling House of Grimaldi were autocrats of an absolute monarchy until the first Constitution of Monaco was adopted in 1911. A second constitution was granted by Prince Rainier III on December 17, 1962, outlining legislative, judicial, and executive branches of government, which consist of several administrative offices and a number of councils. The Prince as head of state retains most
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