diff --git a/package/libiio/libiio.hash b/package/libiio/libiio.hash
index 007e3943f4..b72f6dde14 100644
--- a/package/libiio/libiio.hash
+++ b/package/libiio/libiio.hash
@@ -8,4 +8,4 @@ sha256  0174111b028d84f18fb3716b22834a372a1f2575938f87e20e5cbd76747d0fdb	libiio-
 sha256  36e164fc00535762c819db209928ee2704fc81657d41060ea47873bccfd5c4bc  	libiio-0.12.tar.gz
 sha256  12063db7a9366aa00bfd789db30afaddb29686bc29b3ce1e5d4adfe1c3b42527	libiio-0.14.tar.gz
 sha256  a729f8ff48137ad271a3e2951f322b35c1bf2ec075b488d75c8bd071c693fd19	libiio-0.15.tar.gz
-
+sha256  5eb3ec24342eb01c49235a1d8a053462f930835a3002e687371b680a9bb150f6	libiio-0.16.tar.gz
diff --git a/package/libiio/libiio.mk b/package/libiio/libiio.mk
index 11d64b4562..cc907a9343 100644
--- a/package/libiio/libiio.mk
+++ b/package/libiio/libiio.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-LIBIIO_VERSION = 0.15
+LIBIIO_VERSION = 0.16
 LIBIIO_SITE = $(call github,analogdevicesinc,libiio,v$(LIBIIO_VERSION))
 
 #LIBIIO_VERSION = 60063cb20312c2f06cb8b33e8692e4a0a3546738