A REMEDY For the Currency Crisis
The first 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 will need to pay a small entrance fee to use these machines. When you place your bet, the computer tells you whether to win or lose. In the event that 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 provide a combination of games including baccarat, video poker, roulette, craps, blackjack, and much more.
The next suggestion concerns making deposits. So as to withdraw from these casinos, residents need to pay certain 온라인 바카라 charges. For instance, 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 usually do not accept major currencies. Residents of Korea who plan to play Korean casino must make deposits within their local currency equivalent. Many of the local residents are used to exchanging their won for won monies at home so that 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A third suggestion would be to limit the volume of cash to be withdrawn from web sites of the Korean casinos. This is also true for residents of some of the cities in Korea. Some of the cities such as for example Ulsan, Cholsan, Suwon and Hakdo hold restrictions against people 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 do not accept most of the credit cards that are issued in the united kingdom.
The four suggestions noted above could be used to limit the amount of money that a foreigner player would be able to withdraw. This might prevent currency manipulation by the Koreans at the casinos, which may favor the local vendors over the national companies. The Korean government would form free enterprise zones from coast to coast where the locals would 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.
Since the north-korean government has been very hostile to the United States and its allies previously, the locals of the Korean casinos might try to bribe the workers of these companies into helping them install the currency exchange rate cap. Once the cap is implemented, the number of foreign currency which can be withdrawn would drastically reduce. Usually, the workers of these companies would agree to work at a lower wage due to the threat of losing their jobs. These occurrences are a direct result of the lack of 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 similar to the one proposed by the Korean government.
The south-korean government also needs to institute some policies like the northern ones as a way to curb the capital outflow that is causing problems for the locals of the Korean casinos. An identical strategy would work in the form of a currency trade deficit quarantine area, which limits how much imports and exports from the region. In the case of the casino case, the Koreans will be necessary to have a quota for the number 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 economic situation in the Korean Peninsula may force the north-korean leadership to check to the international community for assist in dealing with their currency crisis. North Korea comes with an interest in dealing with its currency issues since the value of the ROK’s dollar is roughly two to three 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 take advantage of this weakness in the dollar by making deposits within their local currency. This would be considered a good thing for the neighborhood residents of the Korean peninsula. Unfortunately, the north-korean government appears to be unwilling to do anything relating to this currency issue. Hopefully, this will change soon.