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On the Measurement of Zimbabwe's Hyperinflation
18485_CATO-R2(pps.):Layout 1 8/7/09 3:55 PM Page 353 On the Measurement of Zimbabwe’s Hyperinflation Steve H. Hanke and Alex K. F. Kwok Zimbabwe experienced the first hyperinflation of the 21st centu- ry.1 The government terminated the reporting of official inflation sta- tistics, however, prior to the final explosive months of Zimbabwe’s hyperinflation. We demonstrate that standard economic theory can be applied to overcome this apparent insurmountable data problem. In consequence, we are able to produce the only reliable record of the second highest inflation in world history. The Rogues’ Gallery Hyperinflations have never occurred when a commodity served as money or when paper money was convertible into a commodity. The curse of hyperinflation has only reared its ugly head when the supply of money had no natural constraints and was governed by a discre- tionary paper money standard. The first hyperinflation was recorded during the French Revolution, when the monthly inflation rate peaked at 143 percent in December 1795 (Bernholz 2003: 67). More than a century elapsed before another hyperinflation occurred. Not coincidentally, the inter- Cato Journal, Vol. 29, No. 2 (Spring/Summer 2009). Copyright © Cato Institute. All rights reserved. Steve H. Hanke is a Professor of Applied Economics at The Johns Hopkins University and a Senior Fellow at the Cato Institute. Alex K. F. Kwok is a Research Associate at the Institute for Applied Economics and the Study of Business Enterprise at The Johns Hopkins University. 1In this article, we adopt Phillip Cagan’s (1956) definition of hyperinflation: a price level increase of at least 50 percent per month. -
The Case for Imposing Targeted United Nations Sanctions Against Zimbabwean Officials
Fordham Law Review Volume 76 Issue 1 Article 8 2007 Operation "Drive Out the Trash": The Case for Imposing Targeted United Nations Sanctions Against Zimbabwean Officials Katherine Hughes Follow this and additional works at: https://ir.lawnet.fordham.edu/flr Part of the Law Commons Recommended Citation Katherine Hughes, Operation "Drive Out the Trash": The Case for Imposing Targeted United Nations Sanctions Against Zimbabwean Officials, 76 Fordham L. Rev. 323 (2007). Available at: https://ir.lawnet.fordham.edu/flr/vol76/iss1/8 This Article is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Law Review by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. Operation "Drive Out the Trash": The Case for Imposing Targeted United Nations Sanctions Against Zimbabwean Officials Cover Page Footnote J.D. Candidate, 2008, Fordham University School of Law; M.A. Candidate, 2008, International Political Economy and Development, Fordham University Graduate School of Arts and Sciences. I extend my deepest gratitude to the many Zimbabweans who welcomed me into their country. I would also like to thank Jim Leitner; Professors Rachel Vorspan, Jeanmarie Fenrich, and Susanna Chung; and Alasdair Ferguson for their invaluable support and comments. This article is available in Fordham Law Review: https://ir.lawnet.fordham.edu/flr/vol76/iss1/8 OPERATION "DRIVE OUT THE TRASH": THE CASE FOR IMPOSING TARGETED UNITED NATIONS SANCTIONS AGAINST ZIMBABWEAN OFFICIALS KatherineHughes * In May 2005, representatives of PresidentRobert Mugabe's government initiated a slum-clearance campaign entitled Operation Murambatsvina, which displaced nearly one million Zimbabweans. -
Roy Leslie Bennett V. Emerson Dambudzo Mnangagwa
REPORTABLE (76) Judgment No SC 75/05 Civil Application No 16/05 ROY LESLIE BENNETT v (1) EMMERSON DAMBUDZO MNANGAGWA (in his capacity as the SPEAKER OF THE PARLIAMENT OF ZIMBABWE) (2) PAUL MANGWANA (3) JOYCE MUJURU (4) CHIEF MANGWENDE (5) WELSHMAN NCUBE (6) TENDAI BITI (7) THE ATTORNEY-GENERAL SUPREME COURT OF ZIMBABWE CHIDYAUSIKU CJ, SANDURA JA, CHEDA JA, MALABA JA & GWAUNZA JA HARARE, MAY 26, 2005 & MARCH 9, 2006 J. J. Gauntlett, SC., with him A.P. de Bourbon SC, for the applicant S.J.Chihambakwe, with him J Mhlanga, for the first, second, third and fourth respondents R. Gatsi, for the seventh respondent (intervener) CHIDYAUSIKU CJ: This application is brought in terms of s 24 of the Constitution of Zimbabwe. Section 24 of the Constitution provides that any person who alleges that the Declaration of Rights has been, is being, or is likely to be, contravened in relation to him may apply to the Supreme Court for redress. The applicant, who was at the relevant time a Member of Parliament, assaulted Mr Patrick Chinamasa, MP, Minister of Justice, Legal and Parliamentary Affairs, and Leader of the House (hereinafter referred to as “Chinamasa”). The assault took place in Parliament while it was in session. He was charged with, and found guilty of, contempt of Parliament. He was sentenced, by 2 S.C. 75/05 Parliament, to fifteen months’ imprisonment of which three months’ imprisonment was suspended on certain conditions. The applicant challenges that conviction and punishment on the following four grounds - 1. The proceedings violated his constitutional and fundamental right to a fair hearing by an independent and impartial court or other adjudicating body protected by s 18(1),(2) and (9) of the Constitution of Zimbabwe (“the Constitution”). -
Zimbabwe After Hyperinflation: in Dollars They Trust | the Economist
Zimbabwe after hyperinflation: In dollars they trust | The Economist http://www.economist.com/news/finance-and-economics/21576665-grub... Zimbabwe after hyperinflation Grubby greenbacks, dear credit, full shops and empty factories Apr 27th 2013 | HARARE | From the print edition THE OK Mart store in Braeside, a suburb of Harare, is doing a brisk business on a sunny Saturday morning. The store, owned by OK Zimbabwe, a retail chain, is the country’s largest. It stocks as wide a range of groceries and household Small change, old and new goods as any large supermarket in America or Europe. Most are imports. For those who find the branded goods a little pricey, OK Zimbabwe offers its own-label Top Notch range of electrical goods made in China. The industrial district farther south of the city centre looks rather less prosperous. Food manufacturers and textile firms have down-at-heel outposts here. Half a dozen oilseed silos lie empty. Only a few local manufacturers are still spry enough to get their products into OK stores. One is Delta, a brewer that also bottles Coca-Cola. Another is BAT Zimbabwe, whose cigarette brands include Newbury and Madison. This lopsided economy is a legacy of the collapse of Zimbabwe’s currency. Inflation reached an absurd 231,000,000% in the summer of 2008. Output measured in dollars had halved in barely a decade. A hundred-trillion-dollar note was made ready for circulation, but no sane tradesman would accept local banknotes. A ban on foreign-currency trading was lifted in January 2009. By then the American dollar had become Zimbabwe’s main currency, a position it still holds today. -
H. Res. 409 in the House of Representatives, U.S
H. Res. 409 In the House of Representatives, U.S., December 16, 2005. Whereas on May 19, 2005, the Government of Zimbabwe launched ‘‘Operation Murambatsvina’’, translated from the Shona language as ‘‘Operation Drive Out the Trash’’, in major cities and suburbs throughout Zimbabwe in an effort that it characterized as an operation to ‘‘restore order’’ to the country; Whereas hours after the Governor of the Reserve Bank of Zimbabwe called for an end to the parallel market, Oper- ation Murambatsvina began in the city of Harare and subsequently in other urban areas, such as the city of Bulawayo, ostensibly to oust illegal vendors and eliminate illegal structures; Whereas Operation Murambatsvina was carried out as an in- discriminate demolition of the homes and livelihood of thousands of Zimbabwean citizens already suffering from a protracted economic and political crisis brought on by poor policy directives by the Government of Zimbabwe that forced masses of rural dwellers to urban areas of the country for survival; Whereas in some communities that were victimized by the forced demolitions, including Cheru Farm and Killarney Farm where more than 20,000 people lived, Zimbabweans had lived in residences for over 20 years 2 and had well-functioning schools, health and HIV/AIDS clinics, orphanages for AIDS-affected children, viable businesses, places of worship, and other amenities; Whereas in 1993, the Government of Zimbabwe moved fami- lies from Cheru Farms to a new location, Porto Farm, which during Operation Murambatsvina was demolished by -
The Human Security Implications of Operation Restore Order on Urban Habitation in Zimbabwe
© Kamla-Raj 2012 J Hum Ecol, 38(3): 191-205 (2012) The Human Security Implications of Operation Restore Order on Urban Habitation in Zimbabwe Patrick Dzimiri1 and Tawanda Runhare2 1School of Human and Social Sciences, 2School of Education, University of Venda, Private Bag X5050, Thohoyandou 0950, South Africa E-mail: 1<[email protected]>, 2<[email protected]> KEYWORDS Operation Restore Order. ‘Murambatsvina’. Responsibility to Protect (R2P) Human Security. Urban Habitation. Socio-economic Consequences ABSTRACT This paper examines how the 2005 Operation Restore Order, popularly known as Murambatsvina, impacted on the key facets of human security on urban habitation in Zimbabwe. Precisely, the paper examines the humanitarian consequences of the clean up exercise from the Responsibility to Protect (R2P) and human security dimensions. By applying one of the key principles of the R2P mandate, namely, ‘the responsibility to rebuild’, the study explored the extent to which the government of Zimbabwe delivered its R2P mandate of protecting its people from the unintended consequences of the Clean Up exercise. Utilising the case study research strategy and guided by the R2P theoretical framework, the study sought to investigate and gather artefacts of the 2005 clean up exercise from four locations in the city of Harare. Purposive sampling was employed in order to gather primary data from people who experienced and were directly affected by Murambatsvina. Semi-structured interviews and structural observations revealed that the government of Zimbabwe did not fulfil its promises to Murambatsvina victims, as outlined in the R2P mandate. From the findings, we conclude that, in the absence of international intervention, operation restore order ended up inflicting more negative socio-economic consequences on urban inhabitants in Zimbabwe. -
On the Measurement of Zimbabwe's Hyperinflation
18485_CATO-R2(pps.):Layout 1 8/7/09 3:55 PM Page 353 On the Measurement of Zimbabwe’s Hyperinflation Steve H. Hanke and Alex K. F. Kwok Zimbabwe experienced the first hyperinflation of the 21st centu - ry. 1 The government terminated the reporting of official inflation sta - tistics, however, prior to the final explosive months of Zimbabwe’s hyperinflation. We demonstrate that standard economic theory can be applied to overcome this apparent insurmountable data problem. In consequence, we are able to produce the only reliable record of the second highest inflation in world history. The Rogues’ Gallery Hyperinflations have never occurred when a commodity served as money or when paper money was convertible into a commodity. The curse of hyperinflation has only reared its ugly head when the supply of money had no natural constraints and was governed by a discre - tionary paper money standard. The first hyperinflation was recorded during the French Revolution, when the monthly inflation rate peaked at 143 percent in December 1795 (Bernholz 2003: 67). More than a century elapsed before another hyperinflation occurred. Not coincidentally, the inter- Cato Journal, Vol. 29, No. 2 (Spring/Summer 2009). Copyright © Cato Institute. All rights reserved. Steve H. Hanke is a Professor of Applied Economics at The Johns Hopkins University and a Senior Fellow at the Cato Institute. Alex K. F. Kwok is a Research Associate at the Institute for Applied Economics and the Study of Business Enterprise at The Johns Hopkins University. 1In this article, we adopt Phillip Cagan’s (1956) definition of hyperinflation: a price level increase of at least 50 percent per month. -
Political Violence Report November 2001
ZIMBABWE HUMAN RIGHTS NGO FORUM POLITICAL VIOLENCE REPORT NOVEMBER 2001 December 2001 A report by the Zimbabwe Human Rights NGO Forum Summary Attacks on farm workers residing on invaded farms, ongoing since the end of February 2000, were reported to the Human Rights Forum in November. Since January this year, more than 70 000 farm workers have been displaced and countless others have been beaten and tortured whilst others lost their homes in arson attacks. Once again the ZRP was been found wanting in its protection and reaction to violations concerning farm workers and MDC supporters. In one recorded case, policemen in Kadoma arrived at the local Zanu-PF offices and witnessed the torture of two MDC members but left without rendering assistance. However 14 MDC members were arrested for the murder of Bulawayo war veteran’s chairman, Cain Nkala. In Harare members of the ZRP unlawfully arrested and tortured two MDC officials from Zengeza, accusing them of having had some involvement in Cain Nkala’s murder, despite their being in Harare at the time. The two were released without being charged having been interrogated about the operations of their party. Six deaths were recorded in November. A list of all deaths that have been reported since January 2001 is given at the end of the report. November 2001 Totals 2 Cumulative Totals January-November 2001 Sources: Amani Trust medical assessments, HR Forum legal statements, CFU reports and newspaper reports. Notes to Tables: The following categories have been changed and/or expanded due to the nature and the volume of crimes. -
MDC – Harare – Bulawayo – Council Elections 2006 – Gukurahundi
Refugee Review Tribunal AUSTRALIA RRT RESEARCH RESPONSE Research Response Number: ZWE31570 Country: Zimbabwe Date: 20 April 2007 Keywords: Zimbabwe – MDC – Harare – Bulawayo – Council Elections 2006 – Gukurahundi This response was prepared by the Country Research Section of the Refugee Review Tribunal (RRT) after researching publicly accessible information currently available to the RRT within time constraints. This response is not, and does not purport to be, conclusive as to the merit of any particular claim to refugee status or asylum. Questions 1. Does the MDC have an office in Harare? 2. How many branches are there in the province of Bulawayo? 3. How many wards are there? 4. Can you provide information on the leaders of the MDC in the province of Bulawayo? 5. Can you provide information on the activities of the MDC in the province of Bulawayo in 2006? 6. Can you provide information on council elections in Bulawayo around October 2006? 7. Did Zanu PF lose seats in the council elections in Bulawayo in October 2006? 8. Can you provide information about Gukurahunde? RESPONSE 1. Does the MDC have an office in Harare? The MDC headquarters are located in Harvest House, the corner of Angwa Street and Nelson Mandela Avenue in Harare. Angwa Street is parallel to First Street. Attached is a map of Harare, showing Angwa Street, First Street and Nelson Mandela Avenue (Africa South of the Sahara 2003 2003, Europa Publications, 32nd edition, London, p.1190 – Attachment 1; Mawarire, Matseliso 2007, ‘Police left a trail of destruction at Harvest House’, Zimdaily.com website, 29 March http://zimdaily.com/news/117/ARTICLE/1480/2007-03-29.html – Accessed 30 March 2007 – Attachment 2; ‘Harare’ 1998, Hotels-Tours-Safaris.com website http://www.hotels-tours-safaris.com/zimbabwe/harare/images/citymap.gif – Accessed 30 March 2007 – Attachment 3). -
1 Zimbabwe – Researched and Compiled by the Refugee Documentation Centre of Ireland on 19 October 2016 1.Please Provide Inform
Zimbabwe – Researched and compiled by the Refugee Documentation Centre of Ireland on 19 October 2016 1.Please provide information on the treatment of PDP members in Zimbabwe. 2. What is the relationship between the PDP party and the MDC party? 3. What is the relationship between the PDP party and the Zanu PF party? A report published by the International Crisis Group, in a section titled “The Shifting Political Landscape” (paragraph headed “Opposition Doldrums”), states: “The main opposition MDC-T remains fragmented. Its former secretary general, Tendai Biti, and treasurer general, Elton Mangoma, broke ranks with Tsvangirai to form MDC Renewal in August 2014. Mangoma split from that party in June 2015 to establish the Renewal Democrats of Zimbabwe. That September, MDC Renewal relaunched itself as the People’s Democratic Party.” (International Crisis Group (29 February 2016) Zimbabwe: Stranded in Stasis, p.10) An article from Africa Confidential, in a paragraph headed “'Mob-ocracy'”, states: “The PDP is led by Tendai Biti, former MDC Secretary General and respected Finance Minister in the coalition government with ZANU-PF before he broke away in 2014. Its Deputy Secretary General, Tongai Matutu, reacted angrily to the MDC-T's new attitude towards a coalition and called its protests a form of 'mob-ocracy'. The PDP has abandoned rallies after small turnouts but has been busy producing weekly policy briefs for journalists and the public via email. Much like the breakaway MDC formation led by Welshman Ncube, its impact on the political arena has been marginal.” (Africa Confidential (29 April 2016) Despite mobilising thousands against the government, the opposition is failing to exploit the ruling party's weakness and division) A report from Voice of America Zimbabwe states: “Five opposition parties formed a coalition on Tuesday that will challenge President Robert Mugabe and his Zanu PF party in the 2018 general elections. -
Zimbabwe Crisis Reports Issue 16
ZIMBABWE CRISIS REPORTS Issue 16 ■ October 2007 Fresh insights into the Zimbabwean situation CENTRAL BANKER DISSENTS OVER NATIONALISATION The ZANU-PF administration presses ahead with a plan to take a controlling share in foreign-owned businesses, despite warnings about the consequences. By Mike Nyoni in Harare The Zimbabwean authorities are pressing ahead with a nationalisation scheme despite warnings from the country’s central banker that the economic effects will be ruinous. The dispute highlights the schism Lazele Credit: between politicians who place Main branch of Standard Chartered Bank in Harare. Picture taken October 17. ideological policies above pragmatism, and the technocrats in the administration. Zimbabweans. After the upper Mangwana likened the planned chamber, the Senate, passed the law takeover of foreign banks, mining and On September 26, the lower house of on October 2, only President Robert manufacturing firms to the parliament passed the Indigenisation Mugabe’s assent is required for it to government’s seizure of commercial and Empowerment Bill, which will enter into force. farms which started in 2000 — a move compel foreign-owned firms, including which critics say has been mining companies and banks, to cede Defending the bill in the lower counterproductive, destroying farming 51 per cent of their shares to black chamber, Indigenisation Minister Paul and ultimately the wider economy. NEWS IN BRIEF ■ Zimbabawe’s main opposition lobbying for a new constitution. At say Germany is opposed to the idea party, the Movement for Democratic least 20 students were arrested and while Nordic states agree with Change, said on October 15 that others were injured after being Brown. -
Murambatsvina
NATIONAL AUDIT WITHIN THE CONTEXT OF SOCIAL ACCOUNTABILITY ANGO N PVO 221/68 National Association Of Non-Governmental Organisations REPORT OF THE OPERATION GARIKAI/HLALANI KUHLE national audit Within the Context of Social Accountability by Edmore Mufema Institute of Development Studies Email: [email protected] / [email protected] 2 Other Explanations 15 The Impacts 15 Social and humanitarian impacts 16 Economic Impacts 16 Political Impacts 16 Institutional Impacts 17 The built environment 17 Concluding remarks 17 Chapter 5 18 Responses to Operation Restore Order 18 The United Nations 18 UNSE Recommendations 18 The West 19 SADC and regional 19 Civil Society 19 Concluding remarks 19 Chapter 6 20 Operation Garikai/ Hlalani Khuhle 20 Description 20 Objectives 20 The process 20 The results 21 Impact on different sectors 21 A SWOC analysis 22 Strengths of Operation Garikai 22 Weaknesses of Operation Garikai 22 Opportunities of Operation Garikai 23 Challenges of Operation Garikai 23 Contents Concluding Remarks 23 Chapter 7 25 Operation Garikai within the Context of Social Accountability 25 Chapter 1 3 Policy issues 25 Executive Summary 3 Conduct of operations 26 Accounting for the use of funds 26 Chapter 2 5 Concluding Remarks 26 Introduction 5 Terms of reference 7 Chapter 8 27 Outline of the report 7 Recommendations and Conclusions 27 Chapter 3 8 Appendices 29 Social Accountability Prior to Operation Appendix 1: Terms of reference 29 Restore Order 8 Appendix 2: Population displacements, 2005 30 Concept and Indicators 8 Appendix 3: Housing and SMEs Needs, Social Accountability in Zimbabwean History 9 Operation Garikai 30 Concluding remarks 11 Appendix 4: Houses built under Garikai model, 2006 30 Chapter 4 12 Appendix 5: Factory Shells and Vendor Operation Murambatsvina 12 Marts, June 2006 30 Introduction 12 Appendix 6: Serviced stands under Overview of operation Murambatsvina 13 Operation Garikai phase 2 30 Objectives of operation Murambatsvina 15 The official position 15 References 31 2 3 civil society.