At the very least, numbers can mislead. For financial statements, accountants call it window dressing. Apparently, the Marcos Central Bank officials had the intention of hiding the CB’s deteriorating numbers. That was the obvious objective in the “kiting” operation that resulted in an overstatement of the country’s forex reserves. That was also the intention when they created asset accounts that capitalized CB’s losses and deficits. The biography of Cesar Virata written by Gerardo Sicat explained how CB treasury operations followed the sun to produce a positive net position. “… foreign exchang…