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Monaco City (French: Monaco-Ville) is the southcentral ward in the Principality of Monaco. Located on a headland that extends into the Mediterranean Sea, it is nicknamed The Rock (French: Le Rocher). The name "Monaco City" is misleading: it is not itself a city, but a historical and statistical district. It holds most of the country's political and judicial institutions: the Prince's Palace, the town hall, the government, the National Council (parliament of Monaco), the Municipal Council, the courts and a prison (hanging on The Rock).