10 Francs - Rainier III Prince Pierre Foundation

The Prince Pierre Foundation, established in 1966 by Prince Rainier III in honor of his father Pierre de Polignac, annually awards prizes for literature, musical composition, and fine arts — making it Monaco's principal cultural institution. This 1989 issue commemorated the foundation's continued patronage at a moment when Monaco was aggressively cultivating an identity beyond banking and tourism. The copper-aluminium-nickel alloy was by then standard for French-aligned commemorative francs, following Monnaie de Paris practice rather than any Monaco-specific decision.