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 will need to pay a small entrance fee to use these machines. When 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 kind 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. As a way 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 could make deposits in person or use 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 in their local currency equivalent. Most 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A third suggestion would be to limit the volume of cash to be withdrawn from web sites of the Korean casinos. This is especially true for residents of a few of the cities in Korea. A few of the cities such as for example Ulsan, Cholsan, Suwon and Hakdo hold restrictions against people who want to withdraw an excessive amount of cash from the casino. Some of the national and international airlines and banks in Korea usually do not accept most of the bank cards that are issued in the country.
The four suggestions noted above could possibly be used to limit the amount of money that a foreigner player would be able to withdraw. This might 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 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 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 during the past, the locals of the Korean casinos might attempt to bribe the workers of these companies into helping them install the forex rate cap. Once the cap is implemented, the volume of foreign currency that can be withdrawn would drastically reduce. Usually, the workers of these 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 wants to protect its 오리엔탈 카지노 citizens from currency manipulation, they would 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 as to 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 amount of imports and exports from the spot. In the case of 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 amount of foreigners is too high, they could force the owners to allow only local Koreans to be allowed into the casinos.
To conclude, the current economic situation in the Korean Peninsula may force the north-korean leadership to look to the international community for help in dealing with their currency crisis. North Korea has an interest in coping with its currency issues since the value of the ROK’s dollar is roughly two to three times greater 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 in their local currency. This would be considered 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 in the near future.