Economy of Wales forestry and fishing together contributed 1.5%. As in the rest of the United Kingdom, the currency used in Wales is the Pound, represented by the symbol "£". The Bank of England is the central bank, responsible for issuing currency, and retains responsibility for monetary policy and is the central bank of the UK. The Royal Mint, which issues the coinage circulated over the whole of the UK, has been based at a single site in Llantrisant, south Wales since 1980, having progressively transferred operations from their Tower Hill, London site from 1968. Economic output per head has been lower in
Royal Mint million. Coin minting and production gradually shifted to the new site over the next seven years until the last coin, a gold sovereign, was struck in London in November 1975. In an attempt to consolidate all previous coin-related acts, the "Coinage Act of 1971" was passed, which among other things effectively abolished the individual role of Master of the Mint. Under this act, the Chancellor of the Exchequer took over the role, with a Deputy Master being appointed by the Treasury to exercise all the powers and duties of the Master within the mint. After moving to Wales, the mint