It is true that The BRICS countries (Brazil, Russia, India, China, and South Africa) have been considering the possibility of creating a new currency as an alternative to the US dollar for some time. However, creating a new currency and establishing it as a viable alternative to the dollar would be a complex and challenging process. It would require significant cooperation and coordination among the BRICS countries and potentially other nations as well, and would likely involve significant economic and political risks.
Overall, it is difficult to predict the prospect of the BRICS countries setting up a new currency as an alternative to the US dollar at this time. While it is an idea that has been discussed and debated, it is not clear whether it is feasible or desirable from a practical or political standpoint.