diff --git a/VERSION b/VERSION
index e62f3ef1c..c5523bd09 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.16.5-dev
+0.17.0
diff --git a/cmd/restic/global.go b/cmd/restic/global.go
index be485dc3b..080863da7 100644
--- a/cmd/restic/global.go
+++ b/cmd/restic/global.go
@@ -47,7 +47,7 @@ import (
 // to a missing backend storage location or config file
 var ErrNoRepository = errors.New("repository does not exist")
 
-var version = "0.16.5-dev (compiled manually)"
+var version = "0.17.0"
 
 // TimeFormat is the format used for all timestamps printed by restic.
 const TimeFormat = "2006-01-02 15:04:05"