Srebyrnite grivni was one of the first rock music

Rock music

Rock music is a genre of popular music that developed during and after the 1960s, particularly in the United Kingdom and the United States. It has its roots in 1940s and 1950s rock and roll, itself heavily influenced by rhythm and blues and country music...

 groups in Bulgaria

Bulgaria

Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...

.

The band was created in 1964 in Sofia

Sofia

Sofia is the capital and largest city of Bulgaria and the 12th largest city in the European Union with a population of 1.27 million people. It is located in western Bulgaria, at the foot of Mount Vitosha and approximately at the centre of the Balkan Peninsula.Prehistoric settlements were excavated...

, with founding members Valentin Stefanov (guitar and vocals), Aleksander Petrounov (bass and vocals), Troshan Vladovski (rhythm guitar

Rhythm guitar

Rhythm guitar is a technique and rôle that performs a combination of two functions: to provide all or part of the rhythmic pulse in conjunction with singers or other instruments; and to provide all or part of the harmony, ie. the chords, where a chord is a group of notes played together...

 and vocals) and Zhorzhan Banov (percussions and vocals). Their first works were covers of The Shadows

The Shadows

The Shadows are a British pop group with a total of 69 UK hit-charted singles: 35 as 'The Shadows' and 34 as 'Cliff Richard and the Shadows', from the 1950s to the 2000s. Cliff Richard in casual conversation with the British rock press frequently refers to the Shadows by their nickname: 'The Shads'...

 and The Kinks

The Kinks

The Kinks were an English rock band formed in Muswell Hill, North London, by brothers Ray and Dave Davies in 1964. Categorised in the United States as a British Invasion band, The Kinks are recognised as one of the most important and influential rock acts of the era. Their music was influenced by a...

, in which renowned Bulgarian pop artist Boris Gudzhunov took part as well. Later the band played a mixture of rock and Bulgarian folk music (many times in complicated time signatures); more specifically, they created a number of rock adaptations of folk songs, with which they had considerable success. During that period, they collaborated with the likes of composer Milcho Leviev

Milcho Leviev

Milcho Leviev is a Bulgarian composer, arranger, jazz performer and pianist.Milcho Leviev graduated from the State Academy of Music in 1960 majoring in Composition under Professor Pancho Vladigerov and in Piano under Professor Andrei Stoyanov...

 and pop and rock musician Georgi Minchev

Georgi Minchev

-Education:Minchev is a graduate of the Bulgarian State Conservatoire in Prof. Marin Goleminov's composition class. Between 1968 and 1970 he majored under Rodion Shchedrin in Moscow and for several months he studied simultaneously under Aram Khachaturian. In 1972 he received a UNESCO music...

. The band split in 1971.

One of the key founding members, Alexander Petrounov (vocals, bass) currently lives in South Florida. He is the founder of Petrounov Musical Instruments (PMI). PMI designs and builds 4- and 5-string basses, 5-string fretless basses, and electric guitars.