A REMEDY For the Currency Crisis
The initial suggestion in this article pertains to progressive slot machines. Some of the casinos in Seoul offer this type of game including Seoul Max, Lotte Card World and the Oriental Casino. You must pay a little entrance fee to use these machines. When you place your bet, the computer lets you know whether to win or lose. If you win, you get to keep everything you have bet but if you lose, you are out of it. These kind of progressive casinos in Seoul offer a mix of games including baccarat, video poker, roulette, craps, blackjack, and much more.
The second suggestion concerns making deposits. So as to withdraw from these casinos, residents need to pay certain charges. For instance, foreigners can withdraw money by paying a surcharge to the embassies. residents could make deposits in person or utilize the charge card provided upon entry.
Some Korean online casinos do not accept major currencies. Residents of Korea who plan to play Korean casino must make deposits in their local currency equivalent. Most of the local residents are accustomed to exchanging their won for won monies in the home so they may convert this amount into currency at the casino. Many foreign players make deposits in the local currency to avoid conversion issues when traveling back to Korea.
A third suggestion would be to limit the quantity of cash to be withdrawn from web sites of the Korean casinos. This is especially true for residents of a few of the cities in Korea. A number of the cities such as 솔레어카지노 도메인 Ulsan, Cholsan, Suwon and Hakdo hold restrictions against individuals who want to withdraw an excessive amount of cash from the casino. Some of the national and international airlines as well as banks in Korea usually do not accept most of the bank cards that are issued in the united kingdom.
The four suggestions noted above could be used to limit the money that a foreigner player would be able to withdraw. This would prevent currency manipulation by the Koreans at the casinos, which would favor the local vendors on the national companies. The Korean government would form free enterprise zones from coast to coast where the locals will be the main investors. As well as these zones, the north-korean leadership could levy a tax on goods imported from other countries just like the western world and Japan.
Because the north-korean government has been very hostile to america and its allies in the past, the locals of the Korean casinos might try to bribe the workers of these companies into helping them install the forex rate cap. Once the cap is implemented, the amount of foreign currency that may be withdrawn would drastically reduce. Most of the time, the workers of these companies would agree to work at a lower wage because of the risk of losing their jobs. These occurrences certainly are a direct result of having less free enterprise zones in the north-korean leadership. Therefore, if the United States wants to protect its citizens from currency manipulation, they might need to institute a policy like the one proposed by the Korean government.
The south-korean government also needs to institute some policies similar to the northern ones as a way to curb the capital outflow that is causing problems for the locals of the Korean casinos. A similar strategy would work by means of a currency trade deficit quarantine area, which limits the quantity of imports and exports from the region. In the case of the casino case, the Koreans will undoubtedly be necessary to have a quota for the amount of guests that they allow into the casinos on any given day. If the south-korean authorities believe that the amount of foreigners is too high, they might force the owners to allow only local Koreans to be allowed in to the casinos.
In conclusion, the current economy in the Korean Peninsula may force the north-korean leadership to check to the international community for assist in coping with their currency crisis. North Korea has an interest in coping with its currency issues since the value of the ROK’s dollar is roughly two to three times greater than the dollar of america. Therefore, the tourists that visit the north-Korean leadership will have a pastime in trying to take advantage of this weakness in the dollar by making deposits in their local currency. This would be a good thing for the neighborhood residents of the Korean peninsula. Unfortunately, the north-korean government appears to be unwilling to do anything concerning this currency issue. Hopefully, this can change in the near future.