A REMEDY For the Currency Crisis
The first suggestion in this article concerns progressive slot machines. A few of the casinos in Seoul offer this sort of game including Seoul Max, Lotte Card World and the Oriental Casino. You will need to pay a little entrance fee to utilize 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 out of it. These types of progressive casinos in Seoul offer a mix of games including baccarat, video poker, roulette, craps, blackjack, and much more.
The next suggestion concerns making deposits. To be able to withdraw from these casinos, residents have to pay certain charges. For instance, foreigners can withdraw money by paying a surcharge to the embassies. residents could make deposits in person or utilize the credit 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 바카라 사이트 deposits in their local currency equivalent. Many of the local residents are used to exchanging their won for won monies at 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A third suggestion would be to limit the quantity of cash to be withdrawn from web sites of the Korean casinos. This is also true for residents of a number of the cities in Korea. Some of the cities such as Ulsan, Cholsan, Suwon and Hakdo hold restrictions against individuals who want to withdraw too much cash from the casino. A number of the national and international airlines along with banks in Korea do not accept most of the credit cards that are issued in the country.
The four suggestions noted above could be used to limit the money that a foreigner player would be able to withdraw. This might 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 all over the country where the locals would be the main investors. Along with these zones, the north-korean leadership could levy a tax on goods imported from other countries just like the western world and Japan.
Because the north-korean government has been very hostile to the United States 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 volume of foreign currency that can be withdrawn would drastically reduce. Most of the time, the workers of these companies would agree to just work at a lower wage due to 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 really 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 in order to curb the capital outflow that is causing problems for the locals of the Korean casinos. An identical strategy would work by means of a currency trade deficit quarantine area, which limits the number of imports and exports from the spot. In the case of 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 believe that the quantity of foreigners is too high, they might force the owners to permit only local Koreans to be allowed in to 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 assist in coping 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 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 neighborhood residents of the Korean peninsula. Unfortunately, the north-korean government appears to be unwilling to do anything relating to this currency issue. Hopefully, this will change in the near future.