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 Dutch Mint Royal Dutch Mint The Royal Dutch Mint (Koninklijke Nederlandse Munt) based in Utrecht, the Netherlands, is a company owned entirely by the Dutch State, and since 1807 the only Dutch entity allowed to strike and issue coins. On 17 September 1806, when The Netherlands were under the rule of King Louis Napoleon, he decided that the striking and distribution of coins should be by a single, national body. This was in contrast to the Middle Ages custom of large trading cities having their own mint and coins, which resulted in several coins circulating within the country, and many levels of