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Hayır (No)
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Below you may find the press statement by our CEO with respect to the recent volatility in the financial markets:
"Since the beginning of the month, we have been observing irrational price movements in the financial markets which do not reflect Turkey's fundamental economic dynamics. Within the emerging markets, Turkey's economy stands out with its positive macroeconomic indicators and its strong potential. Although we believe that the recent fluctuations are temporary, as Turkcell we continue to take necessary actions to minimize the impact of such fluctuations on our financials. As per our consolidated financial statement as of April 2018, we have a short FX position of USD 248 million. Taking into account the proceeds of the completed part of Fintur sale, as well as the cash position of Fintur Holding, which are not yet reflected into our financials, we don't have any short FX exposure. I would like to state that as Turkcell we will maintain our determination in pursuing our strong financial structure."
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.