West African CFA 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

USDEURJPYGBPCNYCHFCADAUDINRBRLXOF

XOF highlighted against the top 10 reserve currencies — M2 broad money, indexed to 2001 = 100. XOF series: World Bank (FM.LBL.BMNY.CN), as of 2025.

West African CFA Franc M2 money supply

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

60 data points · annual granularityLog scale

West African CFA Franc inflation history

Annual CPI YoY since 1966 — World Bank consumer price index for WAEMU bloc. Inflation volatility is one of three inputs into the Money2069 sound-money score.

Frequently asked questions

Who issues the West African CFA Franc?+

The West African CFA Franc (XOF) is issued by Banque Centrale des États de l'Afrique de l'Ouest. As the monetary authority for WAEMU bloc, it sets policy interest rates, manages foreign reserves, and controls the money supply.

What is the inflation rate of the West African CFA Franc?+

Latest available consumer price inflation for the West African CFA Franc: 0.13% YoY (2025). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.

Has the West African CFA Franc been debased?+

Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 247% over the past decade. Combined with cumulative inflation, this is the gap between XOF as accounting unit and XOF as a store of value.

Is the West African CFA Franc sound money?+

On the Money2069 0–100 sound-money scale, the West African CFA Franc currently scores 74.5. 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 West African CFA 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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