Naci Ağbal was born on January 1, 1968, in Bayburt. He graduated from Istanbul University Faculty of Political Sciences, Department of Public Administration. Ağbal completed his master's degree in the MBA General Business Management program at the University of Exeter in the United Kingdom. At the Ministry of Finance, he served as Inspector, Deputy Chair of the Board of Inspectors, and Department Head at the General Directorate of Revenues. He served as General Director of Budget and Financial Control between 2006 and 2009, and as Undersecretary of the Ministry of Finance between 2009 and 2015. Ağbal served as a Board Member of TÜPRAŞ between 2004 and 2006, a Board Member of PETKİM A.Ş. in 2006, a Board Member of Turkish Airlines (THY) A.Ş. between 2006 and 2015, and a Board Member of Vakıf Katılım Bankası A.Ş. between 2018 and 2021. He was a Member of the Council of Higher Education in 2008–2015 and 2018–2020. He served as a Member of the Board of Trustees of the International Ahmet Yesevi University between 2008 and 2015, and as a Member of the Council of the Turkish-Japanese University of Science and Technology between 2019 and 2020. Serving as a Member of Parliament in the 25th and 26th terms of the Grand National Assembly of Türkiye (TBMM), Ağbal also served as Minister of Finance in the 64th and 65th Governments. Serving as President of the Presidency of Strategy and Budget between 2018 and 2020, Ağbal served as Governor of the Central Bank between November 2020 and March 2021. Since July 2022, Naci Ağbal has served as Vice Chair of the Board of Kazancı Holding and Vice Chair of the Board of Aksa Enerji, and since May 2023 as Vice Chair of the Board of Aksa Doğalgaz.