Of course it did. It made the Spanish Empire and then underwrote it until the era of Napolian.
Spanish gold coinage became the international trade system such as it was. In fact understanding the dominance of Spain is central to unhderstanding european histyoty from 1500 throgh 1800. It was the development of fiat money that changed all that.
That triggered the rise of England and France in particular.as break away empires.
Did the Conquest of the New World Save the Spanish Empire?