The Flag of Montenegro was adopted on July 12, 2004 by the Montenegrin legislature. The new flag is based on the personal standard of King Nikola I of Montenegro. This flag was all red with a gold border, a gold coat of arms, and the initials НІ in Cyrillic script (corresponding to NI in Latin script) representing King Nikola I.  These initials are omitted from the modern flag. Montenegro obtained independence in May of 2006.