Dhaka: Nobel Prize winning economist Muhammad Yunus was sworn in as the head of Bangladesh's interim government. Yunus (84) was administered the oath of office by President Mohammad Shahabuddin at a ceremony held at the Presidential House 'Bangabhaban'. Yunus, who won the Nobel Prize in 2006, was appointed the head of the interim government on Tuesday after President Mohammad Shahabuddin dissolved the Parliament. Earlier, Sheikh Hasina resigned from the post of Prime Minister and left the country amid massive protests against the reservation system on Monday. 

The life of Nobel Prize-winning professor Mohammad Yunus, who faced persecution on charges of embezzlement during the reign of Sheikh Hasina, has completely changed. After Hasina resigned from the post of Prime Minister and left the country, Yunus has now become the head of the interim government in Bangladesh. President Mohammad Shahabuddin administered the oath to him at a ceremony held at Rashtrapati Bhavan on Thursday. Yunus is also called the "banker of the poorest people". He also had to face criticism for this and once Hasina called Yunus a "bloodsucker". He is considered a bitter critic and opponent of Hasina.

Hasina's resignation was described as the country's "second liberation day" 

Mohammad Yunus has described Hasina's resignation as the country's "second liberation day". Yunus, an economist and banker by profession, was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help poor people, especially women. Yunus founded the Grameen Bank in 1983 to provide small loans to entrepreneurs who would not normally be able to obtain them. The bank's success in lifting people out of poverty inspired similar microfinancing efforts in other countries. Yunus faced a crackdown by the Hasina government in 2008 when her administration launched several investigations against him. Yunus had previously announced that he would form a political party in 2007, although he did not follow through on his plan.