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Adapted from euro (a reduced form of Europe), the winner of a contest open to the general public to propose names for the new European currency, with the initial eu replaced with ei, following the pattern of Europe : Eiropa.
grāmata maksā piecus eiro ― the book costs five euros
eiro kurss ― the exchange rate of the euro
eiro ieviešana Latvijā ― the introduction of the euro in Latvia
Usage notes
In Latvian official documents, the name of the currency (adopted in Latvia in 2014) has to remain euro, but in other cases the term eiro is used in spoken and written Latvian.