Category Archives: Foreign

Save Seagrass Campaign In Maldives Gains Momentum

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A holiday at Maldives luxury villas is not complete without experiencing scuba diving. If scuba diving is not your thing, snorkelling a good option because you do not need dive to the deep waters to view the coral reefs. There are schools of colourful fishes that flock together as they float with the tides. Do not miss the opportunity to experience a giant aquarium.

is not complete without experiencing scuba diving. If scuba diving is not your thing, snorkelling a good option because you do not need dive to the deep waters to view the coral reefs. There are schools of colourful fishes that flock together as they float with the tides. Do not miss the opportunity to experience a giant aquarium.

The social media campaign #ProtectMaldivesSeagrass to save seagrass beds in Maldives has gained momentum. According to Blue Marine Foundation and Maldives Underwater Initiative, at least 25% of the resorts in Maldives have joined the campaign. 30 resorts have pledged their support to protect an estimated 830,000sqm of underwater seagrass meadows.

According to the calculations of The Edition, an online news service in Maldives, another 90 resorts need to participate to put an end to the destructive practice of stripping out seagrass in lagoons that are close to  luxury resorts. Some resort managers assume that seagrass spoils the clear picturesque lagoons that tourists usually observe.

Blue Marine Foundation condemns the practice of stripping away natural seagrass beds for cosmetic reasons that is why it initiated the social media campaign. Some resorts have continued with the practice in their lagoons in spite of the number of pledges to end seagrass stripping on the seabed.

Blue Marine Foundation is requesting for the support of the government, resorts, travel organizations and tourists so that they can put an end to seagrass removal. Tourists can help by challenging resorts who still cultivate nude lagoon seabed by stripping away seagrass to make way for selfie photos. Tourists are encouraged to book at resorts that respect marine ecology and protect seagrass.

More than 1,600 persons from the local and international communities’ have registered their support in protecting seagrass in Maldives. Seagrass is very important because it prevents beach erosion, fights climate change, provides food for the turtles and provides a habitat for juvenile coral reef fishes.

A magical experience awaits you at Maldives luxury villas with its exceptional facilities and amenities. The villas are designed for comfort and absolute privacy but to make your stay more memorable, join dolphin tours and watch the dolphins playing in the waters.  

Tanzania Tightens Foreign Currency Exchange Controls Through New Regulations

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Before starting your vacation to another part of the world, make sure to exchange your dollars for the best conversion rate and cheapest fees. While it is true that there are ATM’s in most tourist destinations, you will gain better rates from Knightsbridge FX because it is guaranteed to beat the rates of competitors including banks.

There are countries with restrictions on its currency because of political and economic conditions and banks may not be able to access the currency. One example is Tanzania that has tightened currency controls through new regulations on foreign exchange bureaus. According to authorities, this is part of their ongoing battle against money laundering and currency speculation.

Months before, the government has revoked the licenses of foreign exchange bureaus and temporarily shut down a newspaper for publishing unofficial data on exchange rates. According to President John Magufuli, the central bank has previously licensed too many bureaus and some of them have broken the laws.

Since the start of the year, the Tanzanian shilling has been broadly stable. In April, the International Monetary Fund (IMF) said that the true value of the currency is broadly in line with fundamentals. However, IMF has warned of serious weaknesses in official data. There are indications of a slower pace of economic activity contrary to what is being reported by the government.

When the foreign exchange bureaus were closed in February, the bulk of foreign currency trading was handled by commercial banks. About $10 million are traded daily in the commercial banks because of the reduced number of Forex bureaus. This led to more transparency in the market and improved the inflow of hard currency.

With new regulations, it will be more difficult for foreign exchange bureaus to operate. Most of the transactions will shift to commercial banks. Minimum capital for Forex bureaus was also raised to 1 billion Tanzanian shillings.

Many customers continue to use the services of Knightsbridge FX because of the consistent currency rates that beat banks. There are also services like free same day transfers and professional proactive service. Best rates are guaranteed with more personal attention to ensure 100% satisfaction.