France–Monaco relations signed the Treaty of 1945 and the Agreement of 1963 on furthering their relationship. In 2002, the laws deriving from the Treaty of Versailles that governed relations between Monaco and France were renegotiated. It was finally ratified in 2005 with new terms that: upgraded France's representation from a consulate to that of an embassy; permitted other countries to accredit ambassadors to Monaco; and, formally recognised Monaco's ruling Grimaldi dynasty's succession scheme that was initially set out in the 1962 constitution, and which also extended eligibility to the ruling prince's daughters and other family members. The European External Action Service has
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