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While some countries boldly changed their names, flags, and national symbols, others retained certain elements from their colonial past, including their currency. Here are a few notable examples:
- CÔTE D’IVOIRE (IVORY COAST) – CFA FRANC
Côte d’Ivoire gained independence from France in 1960 but opted to keep the CFA Franc as its currency. This decision provided economic stability and maintained trade relationships with France and other French-speaking African nations. While debated, the CFA Franc continues to be in use today. - SENEGAL – CFA FRANC
Like Côte d’Ivoire, Senegal also gained independence from France in 1960 and continued using the CFA Franc. This choice was influenced by the desire for economic security, as the currency was already well-established and tied to the Euro, offering stable exchange rates and security in international trade. - MOROCCO – MOROCCAN DIRHAM
After gaining independence from French and Spanish control in 1956, Morocco retained the Moroccan Dirham, which had been introduced during colonial times. The Dirham has since become a symbol of national identity and stability, allowing Morocco to maintain control over its economy while preserving a familiar financial structure. - GABON – CFA FRANC
Gabon, another former French colony, kept the CFA Franc after gaining independence in 1960. The currency provides a stable financial system across Central and West Africa, facilitating trade with other CFA-using nations, despite its colonial origins. - NIGER – CFA FRANC
Niger also retained the CFA Franc post-independence in 1960. This shared currency aids economic stability and regional trade, fostering economic cooperation among former French colonies, although some argue it limits full financial autonomy.
