EMPERATRIZ DE MONACO Monaco is a Principality, a small town-state independent of? 202 ha and 40. 000 inhabitants, located on the coast of France, and which will become French territory on the day that there is no male crown prince to rule it. It is far from having a monarch, let's not mention an emperor. Talking about an Empress of Monaco is an irony to describe someone who gets daggers for commanding something of no greater importance.