diff --git a/CHANGELOG.md b/CHANGELOG.md
index a427e07ef..31d0bfabd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -50,6 +50,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 * [#798](https://github.com/NibiruChain/nibiru/pull/798) - fix integration tests caused by PR #786
 * [#801](https://github.com/NibiruChain/nibiru/pull/801) - remove unused pair constants
+* [#788](https://github.com/NibiruChain/nibiru/pull/788) - add --overwrite flag to the nibid init call of localnet.sh
 
 ## [v0.12.1](https://github.com/NibiruChain/nibiru/releases/tag/v0.12.1) - 2022-08-04
 
@@ -63,7 +64,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 * [#768](https://github.com/NibiruChain/nibiru/pull/768) - add simulation tests to make file
 * [#767](https://github.com/NibiruChain/nibiru/pull/767) - add fluctuation limit checks on `OpenPosition`.
 * [#786](https://github.com/NibiruChain/nibiru/pull/786) - add genesis params in localnet script.
-
+ 
 ### Bug Fixes
 
 * [#766](https://github.com/NibiruChain/nibiru/pull/766) - Fixed margin ratio calculation for trader position.
diff --git a/scripts/localnet.sh b/scripts/localnet.sh
index 9a1ff3288..ad9f5dbe7 100755
--- a/scripts/localnet.sh
+++ b/scripts/localnet.sh
@@ -60,7 +60,7 @@ fi
 
 # Initialize nibid with "localnet" chain id
 echo_info "Initializing $CHAIN_ID..."
-if $BINARY init nibiru-localnet-0 --chain-id $CHAIN_ID; then
+if $BINARY init nibiru-localnet-0 --chain-id $CHAIN_ID --overwrite; then
   echo_success "Successfully initialized $CHAIN_ID"
 else
   echo_error "Failed to initialize $CHAIN_ID"