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 Canadian Mint Mint is a Crown corporation and operates under the Royal Canadian Mint Act. In serving the public's interest, a Crown corporation has greater managerial independence than other government entities, meaning it may operate in a commercial manner. Like private sector companies, the Mint has a Board of Directors composed of a chairman, the President and CEO of the Mint and eight other directors. Traditionally, the President and CEO of the Royal Canadian Mint is known as the Master of the Mint. The president is Ian Bennett (appointed in 2006), and the Chairman of the Board is James B. Love. In