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 to ensure that there would be enough currency available after the liberation. In 1994 " 's Rijks Munt" was renamed as "De Nederlandse Munt NV". It became a company, 100% of whose shares are owned by the Dutch State. The Queen awarded the company the prefix Koninklijk (Royal) five years later, and the company was now allowed to call itself "De Koninklijke Nederlandse Munt" (The Royal Dutch Mint). On 22 November 2016 the Royal Dutch Mint was sold to the Belgian Groep Heylen. Since 2002 the Royal Dutch Mint has been allowed to strike coins for foreign national banks in