But this is no easy task, particularly in the short term. If the PBC started to buy non-dollar assets in large quantities, it would invariably need to convert some current dollar assets into another currency, which would inevitably drive up that currency’s value, thus increasing the PBC’s costs.
Se la PBC iniziasse ad acquistare grandi quantità di asset non denominati in dollari, dovrebbe inevitabilmente convertire alcuni asset investiti in biglietti verdi in un’altra valuta, così spingendo al rialzo il valore della valuta in questione e incrementando i costi a carico della PBC.