Rwandan Franc

M2 money supply, indexed to 2001 = 100

Every line goes up — that’s the point. Angle of attack tells the story.

All series matched through 2024; some central-bank sources lag a year or two.

Log scale

USDEURJPYGBPCNYCHFCADAUDINRBRLRWF

RWF highlighted against the top 10 reserve currencies — M2 broad money, indexed to 2001 = 100. RWF series: IMF IFS via DBnomics, as of 2024.

Rwandan Franc M2 money supply

Broad money in RWF (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.

277 data points · monthly granularityLog scale

Rwandan Franc inflation history

Annual CPI YoY since 1967 — World Bank consumer price index for Rwanda. Inflation volatility is one of three inputs into the Money2069 sound-money score.

Frequently asked questions

Who issues the Rwandan Franc?+

The Rwandan Franc (RWF) is issued by Banque Nationale du Rwanda. As the monetary authority for Rwanda, it sets policy interest rates, manages foreign reserves, and controls the money supply.

What is the inflation rate of the Rwandan Franc?+

Latest available consumer price inflation for the Rwandan Franc: 5.91% YoY (2025). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.

Has the Rwandan Franc been debased?+

Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 388% over the past decade. Combined with cumulative inflation, this is the gap between RWF as accounting unit and RWF as a store of value.

Is the Rwandan Franc sound money?+

On the Money2069 0–100 sound-money scale, the Rwandan Franc currently scores 35.4. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.

How does the Rwandan Franc compare to gold or the US dollar?+

Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.

How often is this data updated?+

We pull fresh exchange rates daily from Frankfurter (ECB-sourced), with Exchange Rate API covering currencies the ECB doesn't quote, and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.

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