Venezuela is a country in South America. Having a shoreline along the Caribbean Sea and the North Atlantic Ocean, Venezuela borders Colombia to the west, Guyana to the east and Brazil to the south, and is situated on the major sea and air routes linking North and South America.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).