diff --git a/bitbake/bin/bitbake b/bitbake/bin/bitbake
index 95e4109685..342cef9162 100755
--- a/bitbake/bin/bitbake
+++ b/bitbake/bin/bitbake
@@ -38,7 +38,7 @@ from bb.main import bitbake_main, BitBakeConfigParameters, BBMainException
 if sys.getfilesystemencoding() != "utf-8":
     sys.exit("Please use a locale setting which supports UTF-8 (such as LANG=en_US.UTF-8).\nPython can't change the filesystem locale after loading so we need a UTF-8 when Python starts or things won't work.")
 
-__version__ = "1.37.0"
+__version__ = "1.38.0"
 
 if __name__ == "__main__":
     if __version__ != bb.__version__:
diff --git a/bitbake/lib/bb/__init__.py b/bitbake/lib/bb/__init__.py
index cd2f157dc5..d24adb8eac 100644
--- a/bitbake/lib/bb/__init__.py
+++ b/bitbake/lib/bb/__init__.py
@@ -21,7 +21,7 @@
 # with this program; if not, write to the Free Software Foundation, Inc.,
 # 51 Franklin Street, Fifth Floor, Boston, MA 02110-1301 USA.
 
-__version__ = "1.37.0"
+__version__ = "1.38.0"
 
 import sys
 if sys.version_info < (3, 4, 0):