diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 24c923c0..649656e4 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,3 +1,6 @@
+# Release 2.1.1
+ * patch a bug that prevents new wallet creation.
+
 # Release 2.1
  * Faster startup, thanks to the following optimizations:
    1. Transaction input/outputs are cached in the wallet file
diff --git a/lib/version.py b/lib/version.py
index 761ec301..a9c5dd90 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,4 +1,4 @@
-ELECTRUM_VERSION = "2.1"    # version of the client package
+ELECTRUM_VERSION = "2.1.1"  # version of the client package
 PROTOCOL_VERSION = '0.9'    # protocol version requested
 NEW_SEED_VERSION = 11       # electrum versions >= 2.0
 OLD_SEED_VERSION = 4        # electrum versions < 2.0