A Solution For the Currency Crisis
The first 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 have to pay a small entrance fee to utilize these machines. When you place your bet, the computer tells you whether to win or lose. If 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 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 need 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. A lot of the local residents are accustomed 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 local currency in order to avoid conversion issues when traveling back to Korea.
A third suggestion is to 온카지노 limit how much cash to be withdrawn from web sites of the Korean casinos.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. Some of the cities such as for example Ulsan, Cholsan, Suwon and Hakdo hold restrictions against individuals who want to withdraw too much cash from the casino. Some of the national and international airlines as well as 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 would prevent currency manipulation by the Koreans at the casinos, which would 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.
Since 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 these companies into helping them install the currency exchange rate cap. When the cap is implemented, the number 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 due to 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 similar to the one proposed by the Korean government.
The south-korean government also needs to 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 how much imports and exports from the spot. Regarding the casino case, the Koreans will undoubtedly 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 feel that the quantity 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 look to the international community for assist in coping with their currency crisis. North Korea comes with an interest in coping 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 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.