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Monaco is a small sovereign state located in Western Europe. The territory lies on the northern coast of the Mediterranean Sea and is completely enclosed by France. Monaco is often regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries, although they are not a majority.

Monaco is a Constitutional Monarchy. The Grimaldi family has ruled over Monaco since 1292 and the state's sovereignty was officially recognised by the Franco-Monegasque Treaty of 1861. Despite being independent, Monaco’s defense is still the responsibility of France. Monaco is also the smallest French-speaking country.

By Wikipedia