Spice and Wolf volume 16 is written by Isuna Hasekura.

With the Debau Company’s plans to introduce a new currency, the town of Lesko is brimming with hopes and dreams. And with Holo by his side, Lawrence has decided to open a shop. But just before he can, he is confronted by two men who bring him Col’s traveling bag. A rift within the Debau Company separates Holo and Lawrence, who find themselves pulled apart yet again. What will become of the merchant and the wolf? The finale of their tale is at hand!