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,
Pakistan Mint postal seals and stamps. In 2010, the Pakistani government began plans to modernize and upgrade the mint. Plans include replacing obsolete machinery to increase productivity, quality and output-effectiveness. Plans also include boosting qualifications and expertise of the mint's employees. Pakistan Mint The Pakistan Mint is a coin press located in Shalimar Town, Lahore, Pakistan. It is the oldest mint located in Pakistan. It is governed by the State Bank of Pakistan. The mint has been in operation since 1942. Currency denominations of 1, 2, and 5 rupee coins are currently minted there. Pakistan Mint has residential quarters, shops and recreational