The political system of Venezuela is a typical federal republic adopted and followed since the achievement of independence on July 5th 1811. Accordingly, the President is regarded as the head of the state and the present government and is elected for a term of 6 years. Here you will know about the constitutional set up of Venezuela, the tiers of government functioning and the parties - the three integral parts of the political system of Venezuela.
Venezuela borders Colombia to the west, Guyana to the east, and Brazil to the south. Its roughly 2,800 kilometres (1,700 mi) northern coastline includes numerous islands in the Caribbean Sea, and in the north east borders the northern Atlantic Ocean.
Bolivar Fuerte (VEF; symbol Bs.F.) = 100 centimos. Notes are in denominations of Bs.F.100, 50, 20, 10, 5 and 2; coin denominations are Bs.F.1, and 50, 25, 12.5, 10, 5 and 1 centimos.