A REMEDY For the Currency Crisis
The initial suggestion in this article concerns progressive slot machines. A few of the casinos in Seoul offer this sort of game including Seoul Max, Lotte Card World and the Oriental Casino. You should 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 can keep what you have bet but in the event that you lose, you are from it. These types of progressive casinos in Seoul offer a mix of games including baccarat, video poker, roulette, craps, blackjack, and more.
The second suggestion concerns making deposits. In order to withdraw from these casinos, residents need to pay certain charges. For example, foreigners can withdraw money by paying a surcharge to the embassies. residents could make deposits in person or use the credit card provided upon entry.
Some Korean online casinos do not accept 우리 카지노 40 프로 총판 모집 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 used to exchanging their won for won monies at home so they may convert this amount into currency at the casino. Many foreign players make deposits in the local currency in order to avoid conversion issues when traveling back to Korea.
A third suggestion is to limit the quantity of cash to be withdrawn from the websites of the Korean casinos. This is also true for residents of a few of the cities in Korea. A number of the cities such as Ulsan, Cholsan, Suwon and Hakdo hold restrictions against people who want to withdraw too much cash from the casino. A number of the national and international airlines and also banks in Korea usually do not accept most of the bank cards that are issued in the country.
The four suggestions noted above could possibly be used to limit the money that a foreigner player can withdraw. This would prevent currency manipulation by the Koreans at the casinos, which would favor the local vendors over the national companies. The Korean government would form free enterprise zones all over the country where the locals would be the main investors. Besides these zones, the north-korean leadership could levy a tax on goods imported from other countries like the western world and Japan.
Since the north-korean government has been very hostile to america and its allies previously, the locals of the Korean casinos might attempt to bribe the workers of those companies into helping them install the currency exchange rate cap. When the cap is implemented, how much foreign currency that may be withdrawn would drastically reduce. Most of the time, the workers of the companies would agree to just work at a lower wage because of the threat of losing their jobs. These occurrences are a direct result of having less free enterprise zones in the north-korean leadership. Therefore, if america wants to protect its citizens from currency manipulation, they would need to institute a policy like the one proposed by the Korean government.
The south-korean government must also institute some policies similar to the northern ones so that you can curb the capital outflow which is causing problems for the locals of the Korean casinos. An identical strategy would work by means of a currency trade deficit quarantine area, which limits the volume of imports and exports from the region. Regarding the casino case, the Koreans will be required to have a quota for the amount of guests that they allow in to the casinos on any given day. If the south-korean authorities feel that the number of foreigners is too high, they might force the owners to permit only local Koreans to be allowed into the casinos.
To conclude, 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 comes with an interest in coping with its currency issues because the value of the ROK’s dollar is roughly 2-3 times greater than the dollar of the United States. Therefore, the tourists that visit the north-Korean leadership will have an interest in trying to benefit from 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 about this currency issue. Hopefully, this can change in the near future.