diff --git a/get_libwallet_api.sh b/get_libwallet_api.sh
index 00ceb9a3..945fb251 100755
--- a/get_libwallet_api.sh
+++ b/get_libwallet_api.sh
@@ -17,7 +17,7 @@ if [ ! -d $MONERO_DIR/src ]; then
 fi
 git submodule update --remote
 git -C $MONERO_DIR fetch
-git -C $MONERO_DIR checkout v0.16.0.0
+git -C $MONERO_DIR checkout v0.16.0.1
 
 # get monero core tag
 pushd $MONERO_DIR
diff --git a/monero b/monero
index 992b7ce3..a498a1b4 160000
--- a/monero
+++ b/monero
@@ -1 +1 @@
-Subproject commit 992b7ce30fa101f55314b89aa5bdf20881f5b43d
+Subproject commit a498a1b4ce432941dee47d74c7e05bf87acd3ad6