!Monaco Monaco is a country, Region - Western Europe, Capital - Monaco, Population in 2003 - 34,000, Population density - 23,090 per sq km, Surface area - 1 sq km, and Currency - French franc. It is situated 9 m. E. of Nice, on the Mediterranean shore, surrounded by French territory. It was formerly a small principality and under French protection. It has a mild salubrious climate, and is a favourite winter resort. The capital, MONACO, is built on a picturesque promontory, and 1 m. NE. stands Monte Carlo.