A REMEDY For the Currency Crisis
The initial suggestion in this article pertains to progressive slot machines. A number of the casinos in Seoul offer this sort of game including Seoul Max, Lotte Card World and the Oriental Casino. You have to pay a small entrance fee to use these machines. When you place your bet, the computer lets you know whether to win or lose. In the event that you win, you get to keep what you have bet but if you lose, you are from it. These types of progressive casinos in Seoul provide 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 have to pay certain charges. For example, foreigners can withdraw money by paying a surcharge to the embassies. residents can make deposits in person or use the charge card provided upon entry.
Some Korean online casinos usually do not accept major currencies. Residents of Korea who intend to play Korean casino must make deposits within their local currency equivalent. Lots of the local residents are accustomed 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 again to Korea.
A third suggestion is to limit the quantity of cash to be withdrawn from web sites of the Korean casinos. 플러스카지노 This is also true for residents of a number of the cities in Korea. A number 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. A few of the national and international airlines in addition to 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 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. As well as 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 the United States and its allies during the past, the locals of the Korean casinos might try to bribe the workers of those companies into helping them install the currency exchange rate cap. When the cap is implemented, the volume of foreign currency that may be withdrawn would drastically reduce. Quite often, the workers of these companies would agree to work at a lower wage as a result of threat of losing their jobs. These occurrences certainly are a direct result of having less free enterprise zones in the north-korean leadership. Therefore, if america really 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 also needs to institute some policies like the northern ones to be able 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 volume of imports and exports from the region. Regarding the casino case, the Koreans will be required 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 quantity of foreigners is too high, they might force the owners to allow 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 help in dealing with their currency crisis. North Korea comes with an interest in coping with its currency issues since the value of the ROK’s dollar is roughly two to three times higher than the dollar of america. 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 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 will change in the near future.