Inflation is so bad in Venezuela that an iPhone costs more than $47000

Business InsiderInflation is so bad in Venezuela that an iPhone costs more than $47000Business InsiderVenezuela is currently in an economic crisis, and it's causing the price of everyday gadgets to skyrocket. It's so bad that, according to the official exchange rate, an iPhone 6 costs over $47,000, reports Bloomberg. The problem is twofold: There's a ...and more »