Council of the Indies for Spanish, Spanish American, and European history, are housed in Seville. Council of the Indies The Council of the Indies; officially, the Royal and Supreme Council of the Indies (, ), was the most important administrative organ of the Spanish Empire for the Americas and the Philippines. The crown held absolute power over the Indies and the Council of the Indies was the administrative and advisory body for those overseas realms. It was established in 1524 by Charles V of Spain to administer "the Indies," Spain's name for its territories. Such an administrative entity, on the conciliar model of the
Netherlands Indies gulden power in the East, but the unfamiliar coins were rejected in favour of the well-known 8 Real coins produced by Spain and its possessions, which were accepted all over the world. The Spanish coins remained the preferred large silver (trade) coin in the Indies until the 19th century. In 1602, the United East India Company (VOC) was formed from six trading companies in the Netherlands, and granted a trade monopoly over the Indies. In 1619 the Company established its capital at Jacatra, which it called Batavia. It gradually spread its influence over Java, and established control over Sumatra in 1667