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,
Kremnica Mint Kremnica Mint The Kremnica Mint (Slovak: "Mincovňa Kremnica") is a state-owned mint situated in Kremnica, Slovakia. The predecessor of current Mincovňa Kremnica, š. p. (štátny podnik = state company) was established in 1328, and for nearly seven centuries it has continuously been producing mint articles. Kremnica Mint was established in 1328 when Kremnica was promoted to a free royal town by the Hungarian King Charles Robert of Anjou; the mint issued several kinds of coins early on, of which the most successful was its ducat. Kremnica ducats were well-known because of their good quality and were considered the hardest currency