French francs sleep in Monaco's banks.
At least the same amount again circulates in the form of shares, bonds and investment funds. It must be said that, virtually free of the risk attached to real estate or business credit, here, there's continual expansion. The ten years to date, in particular with the freeing of exchange controls in France in 1987, the number of financial establishments has doubled. Today there are 37 banks and 64 agencies. There's an average here of six times more sales and 12 times more purchases in stocks and shares for example.