Back in 2020 I went to Monaco were I stayed at a friends place for about a week.
In Monaco I saw various types of sport and hyper cars and privately owned super yachts.
It was a different type of an experience than what I am used to from my own home town of Toftir.
Monaco, officially the Principality of Monaco, is a sovereign city-state and microstate in Western Europe. Situated on the French Riviera, it is a semi-enclave bordered by France to the north, east, and west, with the Mediterranean Sea to the south; the Italian region of Liguria is about 15 km (9.3 mi) east.

With a population of 38,423 living in an area of 2.08 km2 (0.80 sq mi), Monaco is the second smallest sovereign state in the world, after Vatican City, as well as the most densely populated. It also has the world’s shortest national coastline of any non-landlocked nation, at 3.83 km (2.38 mi). Fewer than 10,000 of its residents are Monégasque nationals. Although French is the official language of Monaco, Italian and Monégasque are also widely spoken and understood.

Monaco is governed under a form of semi-constitutional monarchy, with Prince Albert II as head of state, who holds substantial political powers. The prime minister, who is the head of government, can be either a Monégasque or French citizen; the monarch consults with the Government of France before an appointment. Key members of the judiciary are detached French magistrates. The House of Grimaldi has ruled Monaco, with brief interruptions, since 1297. The state’s sovereignty was officially recognised by the Franco-Monégasque Treaty of 1861, with Monaco becoming a full United Nations voting member in 1993. Despite Monaco’s independence and separate foreign policy, its defence is the responsibility of France, notwithstanding two small military units.

Monaco is recognised as one of the wealthiest and most expensive places in the world. Its economic development was spurred in the late 19th century with the opening of the state’s first casino, the Monte Carlo Casino, and a rail connection to Paris. The country’s mild climate, scenery, and gambling facilities contributed to its status as a tourist destination and recreation centre for the wealthy. Monaco has become a major banking centre and sought to diversify into the services sector and small, high-value-added, non-polluting industries. Monaco is a tax haven; it has no personal income tax (except for French citizens) and low business taxes. Over 30% of residents are millionaires,

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