Under a fixed exchange rate system,when the currency is pegged below the equilibrium value,what is a country likely to face?

Question

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When a currency is pegged below the equilibrium value, it means its value is artificially lowered. As a result, exports become cheaper and more attractive to foreign consumers, leading to an increase in demand for the country's goods and services. This, in turn, leads to an increase in imports, which may eventually cause a depletion of the country's international reserves. Therefore, a country that pegs its currency below the equilibrium value is likely to face a reduction in international reserves.

Under a Fixed Exchange Rate System,when the Currency Is Pegged