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 alongside those of other nations until 1858 when London started producing coins for the newly established Canadian dollar. As Canada developed, in 1890 calls were made for a mint to be built in Ottawa to facilitate the country's gold mines. The new mint opened on 2 January 1908 by Lord Grey producing coins for circulation including Ottawa Mint sovereigns. In 1931 under the Statute of Westminster, the mint came under the control on the Government of Canada and subsequently renamed the Royal Canadian Mint.A fifth branch of the Royal Mint was established in Mumbai (Bombay), India on 21 December 1917