diff --git a/homeassistant/components/openexchangerates/sensor.py b/homeassistant/components/openexchangerates/sensor.py
index c7806fd90d8..70f2f670de8 100644
--- a/homeassistant/components/openexchangerates/sensor.py
+++ b/homeassistant/components/openexchangerates/sensor.py
@@ -3,7 +3,7 @@ from __future__ import annotations
 
 from homeassistant.components.sensor import SensorEntity
 from homeassistant.config_entries import ConfigEntry
-from homeassistant.const import CONF_NAME, CONF_QUOTE
+from homeassistant.const import CONF_QUOTE
 from homeassistant.core import HomeAssistant
 from homeassistant.helpers.device_registry import DeviceEntryType, DeviceInfo
 from homeassistant.helpers.entity_platform import AddEntitiesCallback
@@ -21,14 +21,12 @@ async def async_setup_entry(
     async_add_entities: AddEntitiesCallback,
 ) -> None:
     """Set up the Open Exchange Rates sensor."""
-    # Only YAML imported configs have name and quote in config entry data.
-    name: str | None = config_entry.data.get(CONF_NAME)
     quote: str = config_entry.data.get(CONF_QUOTE, "EUR")
     coordinator = hass.data[DOMAIN][config_entry.entry_id]
 
     async_add_entities(
         OpenexchangeratesSensor(
-            config_entry, coordinator, name, rate_quote, rate_quote == quote
+            config_entry, coordinator, rate_quote, rate_quote == quote
         )
         for rate_quote in coordinator.data.rates
     )
@@ -39,13 +37,13 @@ class OpenexchangeratesSensor(
 ):
     """Representation of an Open Exchange Rates sensor."""
 
+    _attr_has_entity_name = True
     _attr_attribution = ATTRIBUTION
 
     def __init__(
         self,
         config_entry: ConfigEntry,
         coordinator: OpenexchangeratesCoordinator,
-        name: str | None,
         quote: str,
         enabled: bool,
     ) -> None:
@@ -58,14 +56,7 @@ class OpenexchangeratesSensor(
             name=f"Open Exchange Rates {coordinator.base}",
         )
         self._attr_entity_registry_enabled_default = enabled
-        if name and enabled:
-            # name is legacy imported from YAML config
-            # this block can be removed when removing import from YAML
-            self._attr_name = name
-            self._attr_has_entity_name = False
-        else:
-            self._attr_name = quote
-            self._attr_has_entity_name = True
+        self._attr_name = quote
         self._attr_native_unit_of_measurement = quote
         self._attr_unique_id = f"{config_entry.entry_id}_{quote}"
         self._quote = quote