local short form: Monaco

Digraph: MN

Type: constitutional monarchy

Capital: Monaco

Administrative divisions: 4 quarters (quartiers, singular - quartier);
Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo

Independence: 1419 (rule by the House of Grimaldi)

National holiday: National Day, 19 November

Constitution: 17 December 1962

Legal system: based on French law; has not accepted compulsory ICJ
jurisdiction

Suffrage: 25 years of age; universal

Executive branch:
chief of state: Prince RAINIER III (since NA November 1949); Heir
Apparent Prince ALBERT Alexandre Louis Pierre (born 14 March 1958)
head of government: Minister of State Paul DIJOUD (since NA)
cabinet: Council of Government; under the authority of the Prince

Legislative branch: unicameral
National Council (Conseil National): elections last held 24 and 31
January 1993 (next to be held NA); results - percent of vote by party
NA; seats - (18 total) Campora List 15, Medecin List 2, independent 1

Judicial branch: Supreme Tribunal (Tribunal Supreme)

Political parties and leaders: National and Democratic Union (UND);
Campora List, Anne-Marie CAMPORA; Medecin List, Jean-Louis MEDECIN

Member of: ACCT, ECE, IAEA, ICAO, ICRM, IFRCS, IMO, INMARSAT,
INTELSAT, INTERPOL, IOC, ITU, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO

Diplomatic representation in US:
honorary consulate(s) general: Boston, Chicago, Los Angeles, New
Orleans, New York, San Francisco, San Juan (Puerto Rico)
honorary consulate(s): Dallas, Palm Beach, Philadelphia, and
Washington, DC

US diplomatic representation: no mission in Monaco, but the US Consul
General in Marseille, France, is accredited to Monaco

Flag: two equal horizontal bands of red (top) and white; similar to
the flag of Indonesia which is longer and the flag of Poland which is
white (top) and red

@Monaco:Economy

Overview: Monaco, situated on the French Mediterranean coast, is a
popular resort, attracting tourists to its casino and pleasant
climate. The Principality has successfully sought to diversify into
services and small, high-value-added, nonpolluting industries. The
state has no income tax and low business taxes and thrives as a tax
haven both for individuals who have established residence and for
foreign companies that have set up businesses and offices. About 50%
of Monaco's annual revenue comes from value-added taxes on hotels,
banks, and the indus