Serbia and Montenegro

Serbia and Montenegro merged in 1992 after the breakup of the Socialist Federal Republic of Yugoslavia. It attempted to carry on the old federal system, naming itself the Federal Republic of Yugoslavia, or Савезна Република Југославија. It continued to issue stamps in the style of the old government.
 * In February 2003, it became a union of two separate oountries, Serbia and Montenegro. Its first issue was in April 2003, inscribed СРБИЈА И ЦРНА ГОРА.
 * August 2003 saw the first stamps in dual currency, dinars and euros.
 * in September 2003, the first stamp inscribed in Latin script was released. More would follow.
 * Montenegro declared its independence in June 2006. Two issues for the union were released inscribed for the union, obviously only released in Serbia.

 File:Serb and mo 2003 Europa.webp|2003 50d Europa. File:Serbia and Montenegro stamp.jpg|2003 Stamp Day. File:Serbia and Montenegro silver.jpg|2004 silver. 