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Turkey is taking the necessary measures in response to a slide in the lira (Turkey’s currency) and is beginning to see actual results from these steps Erdogan said in a speech at a military graduation ceremony, Sputnik reports.

There’s no need to be a genius to see those behind the volatility in exchange rates, it is an operation against Turkey, Turkish President Recep Tayyip Erdogan said.

The Turkish government and central bank are taking steps to sustain the country’s currency, because the continuing diplomatic standoff with the US has damaged investor sentiment and encouraged capital outflows from the country.

The US sanctions have the potential to create problems, including instability in the region, and those steps are being taken intentionally against Turkey for political reasons, according to the Turkish finance minister.

In early August, US President Donald Trump introduced the doubling of steel and aluminum tariffs on Turkey, up to 50 and 20 percent, respectively, which resulted in the Turkish lira falling to a historic new low.