diff --git a/VERSION b/VERSION
index 4312e0d0c..04a373efe 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.15.2
+0.16.0
diff --git a/cmd/restic/global.go b/cmd/restic/global.go
index 31d5aac16..63e13c3ae 100644
--- a/cmd/restic/global.go
+++ b/cmd/restic/global.go
@@ -43,7 +43,7 @@ import (
 	"golang.org/x/term"
 )
 
-var version = "0.15.2-dev (compiled manually)"
+var version = "0.16.0"
 
 // TimeFormat is the format used for all timestamps printed by restic.
 const TimeFormat = "2006-01-02 15:04:05"