Artikel 11

(a). Bilateral Agreements, previously concluded by the Turkish Government with any other Contracting Party, relating to the amortisation of Turkish external commercial debts, as well as provisions relating thereto in other Agreements between the Turkish Government and any other Contracting Party, shall no longer apply as from the date of the signature of the present Agreement and shall be abrogated by bilateral Agreements entered into in pursuance of Article 13, with effect as from the date of the coming into force of the present Agreement.
(b). In abrogating these Agreements or provisions, the Parties concerned shall provide that, as far as any account is concerned which is opened in the name of the Central Bank of the Republic of Turkey by the appropriate institution of the creditor country in pursuance of such a bilateral Agreement or provision:
(i) amounts credited to that Central Bank before 5th August, 1958, shall be used as provided by the bilateral Agreement or the provision in question; and
(ii) amounts credited to that Central Bank as from that date shall be placed at the disposal of that Central Bank.