The shift to new currencies was a major step for many African nations after gaining independence. When African countries gained independence from their colonial rulers, they faced many changes. One of the most important changes for many countries was switching from the colonial currency to their own national currency. This decision represented a desire for more economic freedom, a way to establish their identity and to show self-governance. However, changing the currency wasn’t an easy process. It required a lot of planning and sometimes led to both economic challenges and opportunities for gr…