25th Anniv. of Republic of Panama (Panama 1928)

Stamp 25th Anniv. of Republic of Panama it reflects the thematic directions:

An anniversary is the date on which an event took place or an institution was founded in a previous year, and may also refer to the commemoration or celebration of that event. For example, the first event is the initial occurrence or, if planned, the inaugural of the event. One year later would be the first anniversary of that event. The word was first used for Catholic feasts to commemorate saints. Most countries celebrate national anniversaries, typically called national days. These could be the date of independence of the nation or the adoption of a new constitution or form of government. The important dates in a sitting monarch's reign may also be commemorated, an event often referred to as a "Jubilee".