diff --git a/external/monero-project b/external/monero-project
index a135a6b8..09e1b2b7 160000
--- a/external/monero-project
+++ b/external/monero-project
@@ -1 +1 @@
-Subproject commit a135a6b87a7fb47cae1ed3d6e5183dd64b380c38
+Subproject commit 09e1b2b7b03f550ccb25f07a916c2f3beb7ac0c1
diff --git a/src/wallet/monero_wallet_full.cpp b/src/wallet/monero_wallet_full.cpp
index 1ceb3760..6ae69754 100644
--- a/src/wallet/monero_wallet_full.cpp
+++ b/src/wallet/monero_wallet_full.cpp
@@ -1197,9 +1197,9 @@ namespace monero {
     wallet->m_w2->set_seed_language(config.m_language.get());
     crypto::secret_key secret_key;
     if (config.m_account_lookahead != boost::none) wallet->m_w2->set_subaddress_lookahead(config.m_account_lookahead.get(), config.m_subaddress_lookahead.get());
+    if (wallet->is_connected_to_daemon()) wallet->m_w2->set_refresh_from_block_height(wallet->get_daemon_height()); // must be set before generate so the height is written to the keys file
     wallet->m_w2->generate(config.m_path.get(), config.m_password.get(), secret_key, false, false);
     wallet->init_common();
-    if (wallet->is_connected_to_daemon()) wallet->m_w2->set_refresh_from_block_height(wallet->get_daemon_height());
     return wallet;
   }