Colombian central bank profits jump 61 pct in 2000

Colombia's Central Bank made profits of 1.45 trillion pesos, or $642.6 million, in 2000, up 61 percent from 1999, it said.

The improved results came after better financial performance of Colombia's foreign reserves thanks to more favorable international interest rates and a recovery in the euro against the U.S. dollar, the Central Bank said in a news release late on Feb 26.

Colombian foreign reserves totaled $9 billion at the end of 2000, up 11 percent from a year earlier.Reserves exceeded a

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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