A former monetary unit of Iceland, equal to one hundredth of an króna.
From Old Norse 'eyrir' (plural of 'aurar'), derived ultimately from Latin 'aureus' (golden coin), preserved as part of Iceland's currency system until decimalification.
The Icelandic 'eyrir' kept the same name from Old Norse times even as its value changed—it's like a monetary fossil, preserving Latin 'aureus' through Viking Norse straight to modern Icelandic!
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