Reforms implemented by the CBN have had a positive impact on reserves. However, the real economy is presenting challenges, including high credit costs and a weaker naira. This is a significant test for the reforms, which were put in place three years into Olayemi Cardoso's tenure.

Further details about the CBN's reforms and their effects are available. The reforms have been in place for three years, and their impact on the economy is being closely watched.

More information can be found through the provided link, which offers a more in-depth look at the CBN's reforms and the challenges they face in the real economy.