The Foundation of Old Panama City is commemorated every August 15, celebrating the historic establishment of Panamá Viejo, a UNESCO World Heritage site. This day honors the original settlement and its enduring legacy, inviting locals and visitors to participate in various festivities. Typical activities include exploring the archaeological ruins, attending local parades, and enjoying traditional Panamanian cuisine. Museums and historical sites often offer special tours or discounted entry, while local artisans showcase their crafts at markets. Community organizations host educational events to raise awareness about the city's heritage. The celebration emphasizes civic and cultural recognition, fostering a connection to Panama's rich history.