Inception run valuation area &2 already exists for for crcy type &1

What causes this issue?

For each currency type you can only assign valuation area for inception
runs.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Go to
<DS:SIMG.FAGL_T033_DC>Define Valuation Areas</> and define the
valuation area either as non-inception run or as inception run but for
another currency type.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.