Bahrain declares state of emergency | beyondbrics – FT.com

In the latest attempt to dampen political unrest, Bahrain has called for a three-month state of emergency. According to state media, King Hamad bin Isa al-Khalifa has said Bahrain’s armed forces chief is authorised to take any measure necessary to ”protect the safety of the country and its citizens”. The announcement comes a day after Saudi Arabian troops entered Bahrain amid mass protests calling for a constitutional monarchy.

Saudi Arabia’s main Tadawul index is currently down 2.4 per cent after a rally last week. This is what Bahrain’s currency, the dinar, is doing.

(Bloomberg chart: Bahraini dinar against the US dollar)