diff --git a/README.md b/README.md
index 51c80ed5..c64079d3 100644
--- a/README.md
+++ b/README.md
@@ -95,7 +95,7 @@ You need the following permissions to run this module.
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >=1.3, <1.6.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.58.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >=1.61.0, <2.0.0 |
 
 ### Modules
 
diff --git a/examples/default/versions.tf b/examples/default/versions.tf
index 8197fc68..efc1a171 100644
--- a/examples/default/versions.tf
+++ b/examples/default/versions.tf
@@ -8,7 +8,7 @@ terraform {
     ibm = {
       source = "IBM-Cloud/ibm"
       # pin above lowest vesion, required for postgresql and IAM auth policy
-      version = ">= 1.54.0"
+      version = ">=1.61.0, <2.0.0"
     }
     time = {
       source  = "hashicorp/time"
diff --git a/examples/every-mt-vpe/versions.tf b/examples/every-mt-vpe/versions.tf
index 178c4f68..eda1bf8c 100644
--- a/examples/every-mt-vpe/versions.tf
+++ b/examples/every-mt-vpe/versions.tf
@@ -8,7 +8,7 @@ terraform {
     ibm = {
       source = "IBM-Cloud/ibm"
       # pin above lowest vesion, required for postgresql and IAM auth policy
-      version = ">= 1.54.0"
+      version = ">=1.61.0, <2.0.0"
     }
   }
 }
diff --git a/versions.tf b/versions.tf
index eb1db0f3..a0bb1e5f 100644
--- a/versions.tf
+++ b/versions.tf
@@ -7,7 +7,7 @@ terraform {
   required_providers {
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.58.0"
+      version = ">=1.61.0, <2.0.0"
     }
   }
   required_version = ">=1.3, <1.6.0"