diff --git a/configure.ac b/configure.ac
index 57d405d9e..51a4646d8 100644
--- a/configure.ac
+++ b/configure.ac
@@ -17,7 +17,7 @@
 #
 #
 AC_PREREQ([2.69])
-AC_INIT([taler-exchange], [0.6.1], [taler-bug@gnunet.org])
+AC_INIT([taler-exchange], [0.7.0], [taler-bug@gnunet.org])
 AC_CONFIG_SRCDIR([src/util/util.c])
 AC_CONFIG_HEADERS([taler_config.h])
 # support for non-recursive builds