diff --git a/docs/source/changelog.rst b/docs/source/changelog.rst
index 3396b429..d3254354 100644
--- a/docs/source/changelog.rst
+++ b/docs/source/changelog.rst
@@ -2,7 +2,7 @@
 Changelog
 =========
 
-[unreleased]
+[0.16.0] - 2022-08-18
 
 - Search for the system library first, and fallback to the embedded one if the system was not found.
 - Fixed the finding system library mechanism (thanks to @weirdo-neutrino)
diff --git a/telegram/__init__.py b/telegram/__init__.py
index 94fab19e..0885fa7c 100644
--- a/telegram/__init__.py
+++ b/telegram/__init__.py
@@ -1,3 +1,3 @@
-__version__ = '0.15.0'
+__version__ = '0.16.0'
 
 VERSION = __version__