A REMEDY For the Currency Crisis
The initial suggestion in this article pertains to progressive slot machines. Some of the casinos in Seoul offer this type of game including Seoul Max, Lotte Card World and the Oriental Casino. You should 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 everything you have bet but in the event that you lose, you are out of it. These kinds of progressive casinos in Seoul provide a mix of games including baccarat, video poker, roulette, craps, blackjack, and much more.
The second 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 credit card provided upon entry.
Some Korean online casinos usually do not accept major currencies. Residents of Korea who plan to play Korean 넷마블 포커 casino must make deposits in their local currency equivalent. Many of the local residents are used to exchanging their won for won monies in the home so 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A third suggestion would be to limit the volume of cash to be withdrawn from the websites of the Korean casinos. This is also true for residents of a number of the cities in Korea. Some of the cities such as Ulsan, Cholsan, Suwon and Hakdo hold restrictions against individuals who want to withdraw too much cash from the casino. A number of the national and international airlines as well as 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 can 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. Along with 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 america 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 forex rate cap. Once the cap is implemented, the volume of foreign currency that may be withdrawn would drastically reduce. More often than not, the workers of the companies would agree to work at a lower wage due to risk of losing their jobs. These occurrences certainly 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 a policy like the one proposed by the Korean government.
The south-korean government must also institute some policies like the northern ones in order to curb the capital outflow that 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 amount of imports and exports from the region. 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 believe that the quantity of foreigners is too high, they might force the owners to permit 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 check to the international community for assist in dealing 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 greater than the dollar of america. Therefore, the tourists that visit 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 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.