Monaco has the euro EUR, € as its currency. Therewith, Monaco belongs to the 23 European countries that use the common European money. These 23 countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain official euro members which are all European Union member states as well as Andorra, Kosovo, Monaco, Montenegro, San Marino and Vatican which use it without having a say in eurozone affairs and without being European Union members. These countries together have a population of 327 million.
One euro is divided into 100 cents. While each official euro member as well as Monaco, San Marino and Vatican issues its own coins with a unique obverse, the reverse as well as all bills look the same throughout the eurozone. Nonetheless, every coin is legal tender in any of the eurozone countries.
Shopping in Monte Carlo is usually quite exclusive and is certainly no place for a budget holiday. There are plenty of places to melt the credit card alongside Europe's high rollers. The chic clothes shops are in the Golden Circle, framed by Avenue Monte Carlo, Avenue des Beaux-Arts and Allees Lumieres, where Hermes, Christian Dior, Gucci and Prada all have a presence. The area on and around Place du Casino is home to high-end jewelers such as Bulgari, Cartier and Chopard. You will find, however, that most tourists will simply enjoy wandering the area and window shopping, even if you don't buy anything. The normal shopping hours are from 9AM to noon and 3PM to 7PM.
For a more cultured take on shopping in Monte Carlo, try the Condamine Market. The market, which can be found in the Place d'Armes, has been in existence since 1880 and is lively and attractive - many hours can be spent simply wandering around, bargaining for souvenirs from the many tiny shops, boutiques and friendly locals. If however, your shopping tastes are more modern, just take a short walk along the esplanade to the rue Princess Caroline pedestrian mall.
The Fontvieille Shopping Centre is also a more "normal" shopping experience with 36 shops selling electronic goods, CDs, furniture, and clothes as well as a Carrefour supermarket and McDonald's. The tourist office also issues a useful free shopping guide to the city.
Some stores to browse or buy:
Located on the exclusive avenue of des Beaux-Arts, this is one of only a handful of Fred boutiques in the world. An official jeweler of Monaco's royal family and a favorite of celebrities, you may not be able to afford much in this boutique, but its worth a jaw dropping visit. If you go to Monte Carlo, you shouldn't miss this.
Boutique du Rocher
Opened by Princess Grace in the 60's, travelers still flock here to grab the very best in take home souvenirs. Choose from hand-carved frames and mirrors, ceramics, homewares and toys. Prices are moderate and all proceeds go to local charities.
Monaco fashion brand Pratoni offers a variety of ready-to-wear clothing & accessories for gentlemen in addition to wide range of made-to-measure services. All items are of high quality and made in Italy or Monaco.