MEXICO CITY — Mexican President Andrés Manuel López Obrador has decided to withdraw the nomination of former finance minister Arturo Herrera to lead the Bank of Mexico, Mr. Herrera said Tuesday.

Mr. López Obrador named Mr. Herrera in June as his choice to head the central bank on Jan. 1 and submitted the proposal for Senate ratification in July. Ricardo Monreal, Senate leader for the ruling Morena party, told reporters Tuesday that Mr. López Obrador had withdrawn the proposal in August.