Editing Confederation (section)

===Serbia and Montenegro===
In 2003, the [[Federal Republic of Yugoslavia]] was transformed into the [[State Union of Serbia and Montenegro]], a confederation of the [[Republic of Montenegro (1992–2006)|Republic of Montenegro]] and the [[Republic of Serbia (1992–2006)|Republic of Serbia]]. The state was constituted as a loose [[political union]], but formally functioned as a sovereign subject of international law, and member of the [[United Nations]]. As a confederation, the State Union of Serbia and Montenegro had very few shared functions, such as defense, foreign affairs and a weak [[President of Serbia and Montenegro|common president]], [[Council of Ministers of Serbia and Montenegro|ministerial council]] and [[Parliament of Serbia and Montenegro|parliament]].{{sfn|Miller|2005|p=529–581}}

The two [[constituent republics]] functioned separately throughout the period of its short existence, and they continued to operate under separate economic policies and to use separate currencies (the [[euro]] was and still is the only legal tender in Montenegro, and the [[Serbian dinar|dinar]] was and still is the legal tender in Serbia). On 21 May 2006, the [[Montenegrin independence referendum, 2006|Montenegrin independence referendum]] was held. The final official results indicated on 31 May that 55.5% of voters voted in favor of independence. The confederation effectively came to an end after Montenegro's formal declaration of independence on 3 June 2006 and Serbia's formal declaration of independence on 5 June.