A REMEDY For the Currency Crisis
The first suggestion in this article concerns progressive slot machines. Some of the casinos in Seoul offer this kind of game including Seoul Max, Lotte Card World and the Oriental Casino. You should pay a small entrance fee to utilize these machines. Once you place your bet, the computer tells you whether to win or lose. If you win, you can keep everything you have bet but in the event that you lose, you are out of it. These kind 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. In order 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 utilize 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 in their local currency equivalent. Lots 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 neighborhood currency to avoid conversion issues when traveling back again to Korea.
A third suggestion is to limit the number of cash to be withdrawn from the websites of the Korean casinos. This is also true for residents of some 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 few of the national and international airlines and also banks in Korea usually 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 can 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 from coast to coast where the locals would be the main investors. Besides these zones, the north-korean leadership could levy a tax on goods 마이다스 카지노 imported from other countries just like the western world and Japan.
Since the north-korean government has been very hostile to the United States and its allies in the past, 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 that may be withdrawn would drastically reduce. More often than not, the workers of these companies would agree to just work at a lower wage due to risk 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 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 must also institute some policies similar to 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 by means of a currency trade deficit quarantine area, which limits the number of imports and exports from the spot. Regarding the casino case, the Koreans will be required to have a quota for the amount of guests that they allow in to the casinos on any given day. If the south-korean authorities feel that the number of foreigners is too high, they might force the owners to allow only local Koreans to be allowed in to the casinos.
To conclude, 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 an interest 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.