A REMEDY For the Currency Crisis
The first suggestion in this article concerns progressive slot machines. A number of the casinos in Seoul offer this sort of game including Seoul Max, Lotte Card World and the Oriental Casino. You should pay a small entrance fee to use these machines. When you place your bet, the computer lets you know 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 provide a mix of games including baccarat, video poker, roulette, craps, blackjack, and much more.
The next suggestion concerns making deposits. As a way to 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 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. Many of the local residents 블랙잭 are accustomed to exchanging their won for won monies in the home so that 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A third suggestion would be to limit the amount of cash to be withdrawn from the websites of the Korean casinos.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 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 and also banks in Korea do not accept most of the bank cards that are issued in the united kingdom.
The four suggestions noted above could possibly 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 america and its allies in the past, the locals of the Korean casinos might attempt to bribe the workers of those companies into helping them install the forex rate cap. When the cap is implemented, the number of foreign currency that can be withdrawn would drastically reduce. Quite often, 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 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 also needs to institute some policies similar to the northern ones so that you can 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 spot. 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 allow only local Koreans to be allowed in to the casinos.
In conclusion, the current economic situation in the Korean Peninsula may force the north-korean leadership to look to the international community for help 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 higher 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 in 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 can change in the near future.