diff --git a/VERSION b/VERSION
index 2a0970ca7..201a22c8f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.16.1
+0.16.2
diff --git a/cmd/restic/global.go b/cmd/restic/global.go
index fd735edf7..cfca60521 100644
--- a/cmd/restic/global.go
+++ b/cmd/restic/global.go
@@ -43,7 +43,7 @@ import (
 	"golang.org/x/term"
 )
 
-var version = "0.16.1-dev (compiled manually)"
+var version = "0.16.2"
 
 // TimeFormat is the format used for all timestamps printed by restic.
 const TimeFormat = "2006-01-02 15:04:05"