Réunion is an island located off the coast of Madagascar in the Indian Ocean. It was first settled in 1665 by the French East India Company, named the Île (de France et) Bourbon initially, until the last part of its name was changed by Napoléon to "Îles de France et Bonaparte". The old name was instated in 1816, by which point neighbouring Île Maurice (Mauritius) had been lost to the British, and it was renamed Réunion in 1848 after slavery there was abolished. The first coins minted for Réunion were copper-nickel 50 centimes and 1 franc issued in 1896. The island was under Vichy during WWII until 1942, when Free France took over there. Today it remains an overseas department of France, and uses the Euro.