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 between him and senior mint chiefs which ultimately led to him being removed from his position at the mint. After relocating to its new home on Tower Hill, the Mint came under increased scrutiny of how it dealt with unrefined gold that had entered the country. Initially the Master of the Mint was responsible for overseeing the practise since the position's inception in the 1300s, however the refinery process proved too costly and suffered from a lack of accountability from the master. A Royal Commission later set up in 1848 to address these issues gave recommendation for the refinery process