Information on currency : Monegasque franc

Page last updated on December 9, 2023

Currency code (ISO 4217):

MCF

Numeric code:

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Currency symbol:

Subunit (quantity):

Centime (100)

Country or territory:

Monaco (MC)

Status:

No longer in use

Replaced by

Euro (EUR)

Exchange rate mechanism:

Monetary authority:

(created: )

The Monegasque Franc (Monaco franc) was the official currency of the Principality of Monaco before the country adopted the Euro. It was in use from 1837 to 2002.

The Monegasque Franc was introduced during the reign of Prince Charles III in 1837. It was replaced by the Euro on January 1, 2002, when Monaco, along with several other European countries, adopted the common currency.

Subunits

The Monegasque Franc was divided into 100 centimes.

Coins and Banknotes

The Monegasque Franc had various denominations of coins and banknotes. Coins were issued in centimes and Francs, while banknotes were issued in various denominations.

Euro Adoption

Monaco adopted the Euro on January 1, 2002. From this date, the Monegasque Franc ceased to be legal tender, and all transactions switched to the Euro.

Since the adoption of the Euro, the Monegasque Franc is no longer in circulation, and any remaining banknotes and coins are considered collector's items. The Euro is now the official currency used in Monaco.

Exchange Rate

The exchange rate at which the Monegasque Franc was replaced by the Euro was fixed at 1 Euro = 6.55957 Monegasque Francs.