diff --git a/Cargo.lock b/Cargo.lock
index 01ca06c..bb9c2c5 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3381,9 +3381,9 @@ dependencies = [
 
 [[package]]
 name = "rust_decimal"
-version = "1.22.0"
+version = "1.23.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d37baa70cf8662d2ba1c1868c5983dda16ef32b105cce41fb5c47e72936a90b3"
+checksum = "22dc69eadbf0ee2110b8d20418c0c6edbaefec2811c4963dc17b6344e11fe0f8"
 dependencies = [
  "arrayvec 0.7.2",
  "num-traits",
diff --git a/Cargo.toml b/Cargo.toml
index a31251b..1926381 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -29,7 +29,7 @@ borsh-derive = "0.9.1"
 #numerics
 # This must be pinned to 0.9.1 until Solana's Rust fork supports Rust >=1.56.1
 uint = { version = "=0.9.1", default-features = false }
-rust_decimal = {version = "1.22", features = [ "maths" ] }
+rust_decimal = {version = "1.23", features = [ "maths" ] }
 rust_decimal_macros = "1.22"
 
 #error handling
diff --git a/fuzz/Cargo.toml b/fuzz/Cargo.toml
index a837f11..37cfbb3 100644
--- a/fuzz/Cargo.toml
+++ b/fuzz/Cargo.toml
@@ -26,7 +26,7 @@ borsh-derive = "0.9.1"
 
 #numerics
 uint = { version = "=0.9.1", default-features = false }
-rust_decimal = {version = "1.22", features = [ "maths" ] }
+rust_decimal = {version = "1.23", features = [ "maths" ] }
 rust_decimal_macros = "1.22"
 
 #error handling