Wales so closed in 1908; since then, although banks in Scotland and Northern Ireland continue to have the right to issue banknotes in their own countries, the Bank of England has a monopoly on the issue of banknotes in Wales. The Commercial Bank of Wales, established in Cardiff by Sir Julian Hodge in 1971, was taken over by the Bank of Scotland in 1988 and absorbed into its parent company in 2002. The Royal Mint, who issue the coinage circulated through the whole of the UK, have been based at a single site in Llantrisant since 1980. Since decimalisation, in 1971,
Royal Mint resume minting their own supplementary tokens. In 1672 the Royal Mint finally took over the production of copper coinage. Prior to the outbreak of the English Civil War, England signed a treaty in 1630 with Spain which ensured a steady supply of silver bullion to the Tower mint. Additional branch mints to aid the one in London were set up including one at Aberystwyth Castle, in Wales. In 1642 parliament seized control of the Tower mint and after Charles I tried to arrest the Five Members he was forced to flee London, establishing at least 16 emergency mints across the