Foundation of Old Panama City
August 15, Friday

Historical background
Old Panama City (Panamá Viejo) was founded on August 15, 1519 by the Spanish conquistador Pedro Arias Dávila. The city quickly became the most important port for shipping gold and silver to Spain and served as a link between the Atlantic and Pacific Oceans.
In 1671, it was destroyed during an attack by pirates led by Henry Morgan. After that, the inhabitants moved the capital to a new location, where modern Panama City now stands.
Significance of the holiday
This day reminds of:
* The cultural and historical heritage of Panama.
* The importance of preserving archaeological monuments.
* The role of Panama as a key point in colonial-era trade routes.
How it is celebrated
In Panama on this day there are:
* Historical reenactments and costume parades.
* Tours of the ruins of Old Panama City, included in the UNESCO World Heritage List.
* Cultural festivals with music, dancing, and traditional cuisine.
Interesting facts
* The ruins of Old Panama City are the oldest European settlement on the Pacific coast of the Americas.
* The archaeological complex covers about 57 hectares and includes remains of monasteries, the cathedral, and defensive walls.