1 Caracas-Being the capital and the largest city in Venezuela, Caracas is known for being one of the most cosmopolitan and modern cities in South America. 2  There are lots of places to visit, such as theaters, malls, museums, art galleries, parks, well-conserved colonial architectures and even gastronomic restaurants.f you change dollars at the parallel rate (which is an illegal but integral part of daily life in Venezuela), $100 = 15,000 BsF (as of December 2014, but likely to descend to 12,000 by the end of January, 2015) which would buy you a more reasonable 16 pizzas at most restaurants).