A REMEDY For the Currency Crisis
The first suggestion in this article pertains to progressive slot machines. A number of the casinos in Seoul offer this kind of game including Seoul Max, Lotte Card World and the Oriental Casino. You should pay a little entrance fee to utilize these machines. When you place your bet, the computer lets you know whether to win or lose. In the event that you win, you can keep everything you have bet but in the event that you lose, you are out of it. These kinds of progressive casinos in Seoul provide a combination 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 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 major currencies. Residents of Korea who intend to play Korean casino must make deposits within their local currency equivalent. A lot of the local residents are used to exchanging their won for won monies in the home so that they may convert this amount into currency at the casino. Many foreign players make deposits in the neighborhood currency in order to avoid conversion issues when traveling back again to Korea.
A third suggestion would be to limit the quantity of cash to be withdrawn from the websites of the Korean casinos.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 as well as banks in Korea 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 may favor the local vendors on the national companies. The Korean government would form free enterprise zones from coast to coast where the locals would be the main investors. In addition to these zones, the north-korean leadership could levy a tax on goods imported from other countries 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 attempt to bribe the workers of these companies into helping them install the forex rate cap. Once the cap is implemented, the number of foreign currency which might be withdrawn would drastically reduce. Usually, the workers of the companies would agree to work at a lower wage due to the threat of losing their jobs. These occurrences certainly are a direct result of the lack of free enterprise zones in the north-korean leadership. Therefore, if the United States really wants to 온라인 카지노 protect its citizens from currency manipulation, they would need to institute a policy similar to the one proposed by the Korean government.
The south-korean government must also institute some policies similar to the northern ones as a way to curb the capital outflow which 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 the volume of imports and exports from the region. In the case of the casino case, the Koreans will 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 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 help 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 go to 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 a good thing for the local residents of the Korean peninsula. Unfortunately, the north-korean government seems to be unwilling to do anything relating to this currency issue. Hopefully, this can change in the near future.