A Solution For the Currency Crisis
The initial suggestion in this article concerns progressive slot machines. Some of the casinos in Seoul offer this sort of game including Seoul Max, Lotte Card World and the Oriental Casino. You have 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 get to keep everything you have bet but if you lose, you are out of it. These kinds 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 as 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 can 우리 계열 카지노 make deposits in person or utilize the charge card provided upon entry.
Some Korean online casinos usually 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 used 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 neighborhood currency to avoid conversion issues when traveling back to Korea.
A third suggestion is to limit the volume of cash to be withdrawn from web sites of the Korean casinos.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 few of the cities such as Ulsan, Cholsan, Suwon and Hakdo hold restrictions against people who want to withdraw too much cash from the casino. Some 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 be used to limit the amount of 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 all over the country 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 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 currency exchange rate cap. Once the cap is implemented, the quantity of foreign currency which might be withdrawn would drastically reduce. More often than not, the workers of the companies would agree to 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 really wants to protect its citizens from currency manipulation, they would need to institute an insurance plan similar to the one proposed by the Korean government.
The south-korean government also needs to institute some policies like the northern ones so as to curb the capital outflow which is causing problems for the locals of the Korean casinos. An identical strategy would work in the form of a currency trade deficit quarantine area, which limits the quantity 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 in to the casinos on any given day. If the south-korean authorities feel that the quantity 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 economy 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 comes with 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 visit 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 a good thing for the neighborhood residents of the Korean peninsula. Unfortunately, the north-korean government seems to be unwilling to do anything concerning this currency issue. Hopefully, this will change soon.