diff --git a/README.md b/README.md
index 7738883d5..bd65dde2b 100644
--- a/README.md
+++ b/README.md
@@ -154,8 +154,8 @@ The following options can be passed to any command:
     --manual-default-backingstore=false: allow to delete the default backingstore
     --mini=false: Signal the operator that it is running in a low resource environment
     -n, --namespace='default': Target namespace
-    --noobaa-image='noobaa/noobaa-core:5.17.0': NooBaa image
-    --operator-image='noobaa/noobaa-operator:5.17.0': Operator image
+    --noobaa-image='noobaa/noobaa-core:5.16.0': NooBaa image
+    --operator-image='noobaa/noobaa-operator:5.16.0': Operator image
     --pg-ssl-cert='': ssl cert for postgres (client-side cert - need to be signed by external pg accepted CA)
     --pg-ssl-key='': ssl key for postgres (client-side cert - need to be signed by external pg accepted CA)
     --pg-ssl-required=false: Force noobaa to work with ssl (external postgres - server-side) [if server cert is self-signed, needs to add --ssl-unauthorized]
@@ -177,9 +177,9 @@ $ noobaa version
 ```
 
 ```
-INFO[0000] CLI version: 5.17.0
-INFO[0000] noobaa-image: noobaa/noobaa-core:5.17.0
-INFO[0000] operator-image: noobaa/noobaa-operator:5.17.0
+INFO[0000] CLI version: 5.16.0
+INFO[0000] noobaa-image: noobaa/noobaa-core:5.16.0
+INFO[0000] operator-image: noobaa/noobaa-operator:5.16.0
 ```
 
 ## Troubleshooting
diff --git a/pkg/bundle/deploy.go b/pkg/bundle/deploy.go
index b3142eaa7..7ab44217c 100644
--- a/pkg/bundle/deploy.go
+++ b/pkg/bundle/deploy.go
@@ -1,6 +1,6 @@
 package bundle
 
-const Version = "5.17.0"
+const Version = "5.16.0"
 
 const Sha256_deploy_cluster_role_yaml = "3f8118853db73926c4f9d14be84ac8f81833c3a7a94a52ecf1e9ebcf712eee93"
 
diff --git a/version/version.go b/version/version.go
index 95a726987..4b989d9d7 100644
--- a/version/version.go
+++ b/version/version.go
@@ -2,5 +2,5 @@ package version
 
 const (
 	// Version is the noobaa-operator version (semver)
-	Version = "5.17.0"
+	Version = "5.16.0"
 )