diff --git a/Gemfile b/Gemfile
index 39c0140964..6c327975c1 100644
--- a/Gemfile
+++ b/Gemfile
@@ -56,7 +56,7 @@ gem 'cancancan', '~> 1.7.0'
 gem 'ffaker'
 gem 'highline', '2.0.3' # Necessary for the install generator
 gem 'json'
-gem 'monetize', '~> 1.1'
+gem 'monetize', '~> 1.10'
 gem 'paranoia', '~> 2.4'
 gem 'state_machines-activerecord'
 gem 'stringex', '~> 2.8.5'
diff --git a/Gemfile.lock b/Gemfile.lock
index c8163c1ea5..cd73573536 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -450,9 +450,9 @@ GEM
     mini_racer (0.2.15)
       libv8 (> 7.3)
     minitest (5.14.3)
-    monetize (1.9.4)
+    monetize (1.10.0)
       money (~> 6.12)
-    money (6.13.8)
+    money (6.14.0)
       i18n (>= 0.6.4, <= 2)
     msgpack (1.3.3)
     multi_json (1.15.0)
@@ -783,7 +783,7 @@ DEPENDENCIES
   knapsack
   letter_opener (>= 1.4.1)
   mini_racer (= 0.2.15)
-  monetize (~> 1.1)
+  monetize (~> 1.10)
   oauth2 (~> 1.4.4)
   ofn-qz!
   order_management!