Economy

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Monaco is one of the most expensive places on earth and is a world leader in glamour and money. It’s often regarded as a tax haven since the state has no income tax for individuals. Because of this, most of the residents of Monaco are millionaires from other countries. Monaco’s primary source of income comes from tourism. Travelers are attracted to the warm climate and the casino. Currency in Monaco is the same as in France, the euro, but they have acquired the right to mint their own coins with a Monegasque design on the side.

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• Location
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• Demographics
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• Monaco Grand Prix
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• Famous Residents