Simplify the following text for a Grade 8 native English-speaking person.
Original: Officially the league was abolished by Philip II of Spain in 1568 , but it is still in use unofficially in parts of Latin America , with exact meaning varying in different countries .
Simplified: In 1568 Philip II of Spain officially abolished the league . However , in parts of Latin America , people still use it ( with different meanings in different countries ) .