Dr. Muhammad Yunus, the recognized developer of the concept of
microcredit, and founder and former managing director of Grameen Bank,
is scheduled to receive his congressional gold medal April 17 in
ceremonies in the U.S. Capitol Rotunda.
A concurrent resolution was introduced in the House of
Representatives March 6, passed, and subsequently passed in the Senate
to reserve the Rotunda for the ceremonies.
The medal is authorized under provisions of Public Law 111-253,
signed into law Oct. 5, 2010, by President Obama.
The Yunus medal was approved “in recognition of his contributions
to the fight against global poverty,” according to the enabling act.
The U.S. Mint anticipates producing 3-inch and 1.5-inch bronze
duplicates of the Yunus medal for sale to the public.
The U.S. Mint is not planning to publicly release the obverse and
reverse designs adopted for the medal until the day of the ceremony.
The two congressionally authorized advisory panels — the
Commission of Fine Arts and the Citizens Coinage Advisory Committee —
reviewed proposed Yunus medal designs in separate sessions in February 2012.
The CFA and CCAC sent their separate recommendations to then
Treasury Secretary Timothy F. Geithner for his final approval.
The two advisory panels differed from one another in their
selections of obverse and reverse designs for the Yunus medal.
Yunus and Grameen Bank were co-recipients in 2006 of the Nobel
Peace Prize for their efforts to fight worldwide poverty. ■