diff --git a/CMakeLists.txt b/CMakeLists.txt
index 9a87a38bf..37e5a4ab2 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -27,7 +27,7 @@ project (OpenFHE C CXX)
 
 set(OPENFHE_VERSION_MAJOR 1)
 set(OPENFHE_VERSION_MINOR 2)
-set(OPENFHE_VERSION_PATCH 2)
+set(OPENFHE_VERSION_PATCH 3)
 set(OPENFHE_VERSION ${OPENFHE_VERSION_MAJOR}.${OPENFHE_VERSION_MINOR}.${OPENFHE_VERSION_PATCH})
 
 set(CMAKE_CXX_STANDARD 17)
diff --git a/docs/static_docs/Release_Notes.md b/docs/static_docs/Release_Notes.md
index 95ce30138..473a16948 100644
--- a/docs/static_docs/Release_Notes.md
+++ b/docs/static_docs/Release_Notes.md
@@ -1,3 +1,9 @@
+10/30/2024: OpenFHE 1.2.3 (stable) is released
+
+* Adds support for a custom PRNG implemented in an external library
+
+The detailed list of changes is available at https://github.com/openfheorg/openfhe-development/issues?q=is%3Aissue+milestone%3A%22Release+1.2.3%22
+
 10/28/2024: OpenFHE 1.2.2 (stable) is released
 
 * Improves the runtime of inverse NTT (for clang++; #872)