A Solution For the Currency Crisis
The initial suggestion in this article pertains to 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 need to pay a little entrance fee to use these machines. Once you place your bet, the computer lets you know whether to win or lose. If you win, you get to keep what you have bet but if you lose, you are out of it. These kinds 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. In order to withdraw from these casinos, residents need 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 do not accept major currencies. Residents of Korea who plan to play Korean casino must make deposits within their local currency equivalent. Most 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 to avoid conversion issues when traveling back to Korea.
A third suggestion would be to limit the number of 모바일 카지노 cash to be withdrawn from web sites of the Korean casinos. This is also true for residents of some 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. A few of the national and international airlines together with 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 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 from coast to coast 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 like the western world and Japan.
Since the north-korean government has been very hostile to america and its allies previously, the locals of the Korean casinos might try to bribe the workers of those companies into helping them install the forex rate cap. When the cap is implemented, the volume of foreign currency which might be withdrawn would drastically reduce. Usually, the workers of the 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 the lack of free enterprise zones in the north-korean leadership. Therefore, if america wants to protect its citizens from currency manipulation, they would need to institute a policy like the one proposed by the Korean government.
The south-korean government must also institute some policies similar to the northern ones to be able 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. Regarding the casino case, the Koreans will be required to have a quota for the amount 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.
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 comes with an interest in coping with its currency issues since the value of the ROK’s dollar is roughly two to three times higher than the dollar of the United States. Therefore, the tourists that go to 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 relating to this currency issue. Hopefully, this can change in the near future.