Published
02/02/2026, 14:22The total external debt of the monetary authorities of the three countries of the Eurasian Economic Union — Kazakhstan, Armenia, and Kyrgyzstan — amounted to $3.2 billion as of October 1, 2025, according to official statistics.
Compared to the same date in 2024, the figure remained virtually unchanged, when it stood at $3.16 billion.
Kazakhstan had the largest amount of liabilities among the three countries, at $2.17 billion. This accounts for almost two-thirds of the total debt of the central banks.
Armenia ranks second with $824.5 million. Finally, Kyrgyzstan ranks third with a significantly lower figure of $213.4 million.
At the same time, the statistics note that data on the monetary authorities of Russia and Belarus are actually included in the “banks” category. This means that the external liabilities of their central banks are formally reflected in the banking sector and are not shown as a separate line item.
Thus, as of October 1, the debt of the Russian banking sector, including the Central Bank of the Russian Federation, amounted to $107.8 billion, and that of Belarus to over $4 billion.
At the same time, against the backdrop of the total external debt of the EAEU countries, which amounted to $547.2 billion, the debt of central banks remains moderate. Despite the fact that the regulators of Armenia and Kyrgyzstan increased their debt over the year, the National Bank of the Kyrgyz Republic increased its debt the most, by $79.2 million.
