diff --git a/CHANGELOG.md b/CHANGELOG.md
index 117d6083fc..e7b46c4d5a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Changelog
 
+## 61.16.0 - 2019-07-16
+* [#894](https://github.com/stripe/stripe-go/pull/894) Introduce encoding for high precision decimal fields
+
 ## 61.15.0 - 2019-07-15
 * [#893](https://github.com/stripe/stripe-go/pull/893)
   * Add support for `PaymentMethodOptions` on `PaymentIntent` and `SetupIntent`
diff --git a/README.md b/README.md
index 780ecd3f98..9c07a95b96 100644
--- a/README.md
+++ b/README.md
@@ -40,7 +40,7 @@ suffix* in the path like so:
 module github.com/my/package
 
 require (
-    github.com/stripe/stripe-go v61.15.0
+    github.com/stripe/stripe-go v61.16.0
 )
 ```
 
diff --git a/VERSION b/VERSION
index 0855a47ae5..881dcdce48 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-61.15.0
+61.16.0
diff --git a/stripe.go b/stripe.go
index 99f2b7bb37..73b5b7d710 100644
--- a/stripe.go
+++ b/stripe.go
@@ -880,7 +880,7 @@ func StringSlice(v []string) []*string {
 const apiURL = "https://api.stripe.com"
 
 // clientversion is the binding version
-const clientversion = "61.15.0"
+const clientversion = "61.16.0"
 
 // defaultHTTPTimeout is the default timeout on the http.Client used by the library.
 // This is chosen to be consistent with the other Stripe language libraries and