Mr Cardoso noted that guidelines would be distributed widely to raise public awareness.
Mr Cardoso said that the MPC retained the cash reserve ratio at 50% for Deposit Money Banks and 16% for merchant banks.
The CBN unequivocally states that the allegations are false and intended to trigger panic in the financial system.
The group said the CBN guidelines unveil the gaming of the foreign exchange market by Deposit Money Banks.
The CBN spokesperson urged all deposit money banks, financial houses, Bureaux de Change and the general public to be more vigilant.
Mr Adegbite said the development would also boost productivity.
Another resident, Sule Aliu, also commended the apex bank for directing banks to work during the weekend.
Consequently, all concerned are directed to conform accordingly.
ACAMB hereby wishes to debunk the fake news in its entirety and wishes to assure Nigerians and the banking public that there is no iota of truth in the viral message that is being circulated.
A financial expert preferred that the CBN should have ensured that the scarce denominations, like N100 and N200, are readily available by printing more.
