diff --git a/CHANGELOG.md b/CHANGELOG.md
index f018c04..d8f0871 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,9 +2,14 @@
 
 ## Upcoming release (unreleased)
 
+## 2.0.0 (Dec 9 2025)
+
 * **Breaking change**: Require Ruby >= 3.1
+* **Breaking change**: Update Money dependency to 7.0. Make sure to read [the upgrade
+  guide](https://github.com/RubyMoney/money/blob/main/UPGRADING-7.0.md).
 * Update YAML loading from compatibility with recent Psych versions.
 * Move Croatian Kuna (HRK) and Russian Ruble (RUB) to legacy currencies
+* Add `EuCentralBank::VERSION`.
 
 ## 1.7.0 (Nov 17 2021)
 
diff --git a/Gemfile b/Gemfile
index 32eb4b1..5bdd86f 100644
--- a/Gemfile
+++ b/Gemfile
@@ -1,7 +1,9 @@
-source 'https://rubygems.org'
+source "https://rubygems.org"
 
 gemspec
 
-group :test do
-  gem 'rake'
-end
+# Tasks
+gem "rake"
+
+# Specs
+gem "rspec", "~> 3.13"
diff --git a/eu_central_bank.gemspec b/eu_central_bank.gemspec
index af1af90..cad114d 100755
--- a/eu_central_bank.gemspec
+++ b/eu_central_bank.gemspec
@@ -1,8 +1,15 @@
 #!/bin/env ruby
-# encoding: utf-8
+# frozen_string_literal: true
+
 Gem::Specification.new do |s|
   s.name         = "eu_central_bank"
-  s.version      = "1.7.0"
+
+  # Please also update `eu_central_bank/version.rb`.
+  #
+  # We cannot use this constant here because of the `money` dependency when
+  # inheriting from `Money::Bank::VariableExchange`.
+  s.version      = "2.0.0"
+
   s.platform     = Gem::Platform::RUBY
   s.authors      = ["Shane Emmons"]
   s.email        = ["shane@emmons.io"]
@@ -19,10 +26,8 @@ Gem::Specification.new do |s|
 
   s.add_dependency "bigdecimal"
   s.add_dependency "nokogiri", "~> 1.11"
-  s.add_dependency "money", "~> 6.19"
-
-  s.add_development_dependency "rspec", "~> 3.13"
+  s.add_dependency "money", "~> 7.0"
 
-  s.files         = Dir.glob("lib/**/*") + %w(CHANGELOG.md LICENSE README.md)
+  s.files = Dir.glob("lib/**/*.rb") + %w[CHANGELOG.md LICENSE README.md]
   s.require_path = "lib"
 end
diff --git a/lib/eu_central_bank.rb b/lib/eu_central_bank.rb
index 2d6aee9..788ec9a 100644
--- a/lib/eu_central_bank.rb
+++ b/lib/eu_central_bank.rb
@@ -3,6 +3,7 @@
 require 'money'
 require 'money/rates_store/store_with_historical_data_support'
 require 'eu_central_bank/rates_document'
+require 'eu_central_bank/version'
 
 class InvalidCache < StandardError ; end
 
diff --git a/lib/eu_central_bank/version.rb b/lib/eu_central_bank/version.rb
new file mode 100644
index 0000000..f5fa267
--- /dev/null
+++ b/lib/eu_central_bank/version.rb
@@ -0,0 +1,5 @@
+# frozen_string_literal: true
+
+class EuCentralBank < Money::Bank::VariableExchange
+  VERSION = "2.0.0"
+end
diff --git a/spec/eu_central_bank_spec.rb b/spec/eu_central_bank_spec.rb
index 0010c8c..ff56185 100644
--- a/spec/eu_central_bank_spec.rb
+++ b/spec/eu_central_bank_spec.rb
@@ -1,6 +1,6 @@
 require File.expand_path(File.dirname(__FILE__) + '/spec_helper')
 
-describe "EuCentralBank" do
+describe EuCentralBank do
   before(:each) do
     Money.rounding_mode = BigDecimal::ROUND_HALF_UP
 
@@ -21,6 +21,10 @@
     end
   end
 
+  it "has a version" do
+    expect(EuCentralBank::VERSION).to be_a(String)
+  end
+
   it "should save the xml file from ecb given a file path" do
     @bank.save_rates(@tmp_cache_path)
     expect(File.exist?(@tmp_cache_path)).to eq(true)