A REMEDY For the Currency Crisis
The initial suggestion in this article pertains to progressive slot machines. A few 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 use these machines. Once you place your bet, the computer tells you whether to win or lose. In the event that you win, you get to keep what you have bet but in the event that 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 much more.
The next suggestion concerns making deposits. So that you can 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 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 accustomed to exchanging their won for won monies in the home so 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 again to Korea.
A third suggestion is to limit the volume of cash to be withdrawn from web sites of the Korean casinos. This is also true for residents of a few of the cities in Korea. A few 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. Some of the national and international airlines and banks in Korea usually do not accept most of the credit cards that are issued in the country.
The four suggestions noted above could possibly 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 over 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 before, the locals of the Korean casinos might attempt to bribe the workers of those companies into helping them install the currency exchange rate cap. Once the cap is implemented, the volume of foreign currency that can be withdrawn would drastically reduce. More often than not, the workers of these companies would agree to work at a lower wage because of the risk of losing their jobs. These occurrences 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 might need to institute a policy like the one proposed by the Korean government.
The south-korean government also needs to institute some policies similar to the northern ones in order to curb the capital outflow which 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 number 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 into the casinos on any given day. If the south-korean authorities believe that the amount of foreigners is too high, they could force the owners to permit only local Koreans to be allowed in to 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 dealing with their currency crisis. North Korea has an interest in dealing with its currency issues because the value of the ROK’s dollar is roughly two to three times higher than the dollar of the United States. Therefore, 골드 카지노 the tourists that go to the north-Korean leadership will have a pastime in trying to benefit from 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 seems to be unwilling to do anything concerning this currency issue. Hopefully, this can change soon.