Nobel Laureate Yunus dismissed from microlender by central bank

yunus

Bangladesh's central bank has dismissed Muhammad Yunus, a Nobel Laureate and microfinance pioneer, from the Grameen Bank, a microcredit lender he founded in 1983.

Khondaker Muzammel Huq, the chairman of the Grameen Bank, on Wednesday said he had received a letter from the central bank saying Yunus had been "removed" from his post as managing director. Huq said his removal was a legal issue and that the bank was examining all aspects of the case to ensure it is in compliance with the law. The Gra

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