A REMEDY For the Currency Crisis
The initial suggestion in this article pertains to progressive slot machines. Some of the casinos in Seoul offer this type of game including Seoul Max, Lotte Card World and the Oriental Casino. You need to pay a small entrance fee to utilize these machines. When you place your bet, the computer tells you whether to win or lose. If you win, you get to keep what you have bet but in the event that you lose, you are from it. These kinds of progressive casinos in Seoul provide a mix 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 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 in their local currency equivalent. Most of the local residents are accustomed to exchanging their won for won monies at 더킹 바카라 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A third suggestion is to limit how much cash to be withdrawn from web sites of the Korean casinos.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. A number 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 together with banks in Korea do not accept most of the bank cards that are issued in the country.
The four suggestions noted above could be used to limit the amount of money that a foreigner player can withdraw. This might 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 america and its allies in past times, the locals of the Korean casinos might attempt to bribe the workers of these companies into helping them install the currency exchange rate cap. Once the cap is implemented, the amount of foreign currency that could be withdrawn would drastically reduce. Most of the time, the workers of these 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 the lack of free enterprise zones in the north-korean leadership. Therefore, if america 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 must also institute some policies like the northern ones to be able to curb the capital outflow which 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 number of imports and exports from the region. Regarding 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 amount 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 greater than the dollar of the United States. 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 within their local currency. This would be considered a good thing for the local residents of the Korean peninsula. Unfortunately, the north-korean government is apparently unwilling to do anything relating to this currency issue. Hopefully, this will change soon.