Economy, Folklore and Tourism
15c Seborgian coinThanks to the publicity as a principality, tourism expanded. The principality's historic town centre was restored, ensuring that its charms were protected from commercial overdevelopment.
A local currency, the luigino, was issued from 1994 to 1996. The luigino is accepted inside the city (along with the legal currency, the euro, and before that both Italian lira and French franc); it has no legal value outside the town. Some claim that the Italian government did not welcome this initiative. It is not clear what is the total amount of luigini issued.
The luigino's value is pegged at US$6.00, which would make it the world's highest-valued currency unit if it were considered an official currency.
Stamps are also issued.
Read more about this topic: Principality Of Seborga
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