Section 27
SEC. 27. Section forty-four of the same Act is hereby amended to read as follows: "SEC. 44. Revaluation profits and losses. — The revaluation and other profits or losses made or assumed by the Central Bank in accordance with the provisions of Sections 77 and 83 of this Act shall not be included in the computation of the annual profits and losses of the Central Bank. "Any profits or losses arising in this manner shall be offset by any amounts which, as a consequence of such revaluations, are owed by the Philippines to any international or regional inter-governmental financial institution of which the Philippines is a member or are owed by these institutions to the Philippines. Any remaining profit or loss shall be carried in a special frozen account which shall be named 'Revaluation of International Reserve' and the net balance of which shall appear either among the liabilities or among the assets of the Central Bank, depending on whether the revaluation have produced net profits or net losses. "The Revaluation of International Reserve account shall be neither credited nor debited for any purposes other than those specifically authorized in the present section or in Section 45 of this Act."