A Solution For the Currency Crisis
A Solution For the Currency Crisis
The initial 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. If you win, you can keep what you have bet but in the event that 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 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. Lots 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 local currency in order 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A third suggestion is to limit the number of cash to be withdrawn from the websites of the Korean casinos.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 especially true for residents of some of the cities in Korea. Some of the cities such as for example 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 실시간 바카라 also banks in Korea do not accept most of the bank cards that are issued in the country.
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 would favor the local vendors on the national companies. The Korean government would form free enterprise zones all over the country where the locals will 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 the United States and its allies before, 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, how much 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 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 would need to institute an insurance plan like 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 number of imports and exports from the spot. Regarding the casino case, the Koreans will be necessary 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 might 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 assist in dealing with their currency crisis. North Korea has an interest in dealing with its currency issues since 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 within 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 in the near future.