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 ta