A REMEDY For the Currency Crisis
The initial suggestion in this article concerns progressive slot machines. A number of the casinos in Seoul offer this type of game including Seoul Max, Lotte Card World and the Oriental Casino. You must pay a small entrance fee to use these machines. Once you place your bet, the computer tells you whether to win or lose. In the event that you win, you can keep what you have bet but if you lose, you are from it. These kind of progressive casinos in Seoul offer a combination of games including baccarat, video poker, roulette, craps, blackjack, and more.
The second suggestion concerns making deposits. As a way 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 can make deposits in person or use the charge 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 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 to Korea.
A third suggestion is to limit the amount of cash to be withdrawn from web sites of the Korean casinos. This is especially true for residents of a number of the cities in Korea. Some of the cities such as for example Ulsan, Cholsan, Suwon and Hakdo hold restrictions against individuals who want to withdraw an excessive amount of cash from the casino. A number of the national and international airlines in addition to 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 인터넷바카라 money that a foreigner player can withdraw. This might 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 from coast to coast where the locals will be the main investors. Along with 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 past times, the locals of the Korean casinos might try to bribe the workers of those 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. Most of the time, the workers of these companies would agree to just work at a lower wage as a result of 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 might need to institute an insurance plan similar to 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 in the form 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 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 quantity of foreigners is too high, they might force the owners to permit only local Koreans to be allowed into the casinos.
In conclusion, 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 dealing with its currency issues since the value of the ROK’s dollar is roughly 2-3 times higher 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 seems to be unwilling to do anything about this currency issue. Hopefully, this will change soon.