Monaco is the name of the country as well as the name of its only and capital city, and it s a second of the smallest country in the world (The smallest country in the world is Vatican).
Monaco is famous for their annual big event, lets say World Music Awards,Monte-Carlo International Tennis Championships and Monaco Formula 1 Grand Prix , and many more.
It is often regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries, making up a majority of the population.
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