The tropical South American country of Venezuela celebrates New Year on January 1 according to Georgian calendar. Being considered as an important festival as well as time of the year, New Year is celebrated with great spectacle and display by the natives of Venezuela.
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.
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.