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Well-designed Central Bank Digital Currencies (CBDCs) have the potential to enhance payment system convenience, flexibility, and efficiency, contributing to increased financial inclusion in Latin America and the Caribbean, according to Sauradeep Bag. Argentina is planning to introduce a digital currency bill as soon as possible, with Vice President Felix Ulloa of El Salvador linking the country's rebirth to Bitcoin policies. Brazil is set to slightly increase the size of its regional development fund, while Argentina plans to expand its export incentive program beyond soybeans. Brazil's Central Bank is strategizing its next moves in the adoption of CBDCs and digital payments. The data collected through CBDCs could be paired with strict reserve requirements for commercial banks, creating a theoretical framework for inflation control.