President Abdulla Yameen Abdul Gayoom has withdrawn his nominee for the Maldives Monetary Authority (MMA) governor.

According to local media, President Yameen withdraw the nomination of Ibthishama Ahmed Saeed, an associate director at the Bank of Maldives Plc Ltd (BML), but has yet to submit a new name to parliament.

Former Governor Dr Fazeel Najeeb stepped down from the post on January 1 after five years at the central bank.