The possibility of de-dollarization becoming a reality and the potential loss of dominance for the U.S. dollar is being increasingly discussed in various news outlets. The dollar is currently on track for its worst month in a year, with a 3.7 percent loss against six major currencies. This has led to speculation about the potential weakening of the dollar’s position as the world’s leading currency. In the midst of this, the BRICS countries are also making efforts to reduce their reliance on the U.S. dollar, further fueling the debate about de-dollarization. Is the king dollar about to lose its reign? Only time will tell.