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 (Spain) Royal Mint (Spain) The Royal Mint of Spain ( "National Coinage and Stamp Factory – Royal Mint", abbreviated as FNMT-RCM) is the national mint of Spain. The FNMT-RCM is a public corporation, managed by the Spanish Ministry of Economy and Business. There were several public and private mints in Spain until Philip V, the first Bourbon King of Spain, decided in the 18th century to make minting coinage a State monopoly. During the reign of Isabella II there were seven public mints, located in Madrid, Barcelona, Seville, Pamplona, Jubia, Segovia and Manila (in the Philippines), and each one had its