The propagation of microwaves through the dielectric substrate/metal superlattice system [(CoFe)/Cu] has been investigated. The frequency dependences of transmission and reflection coefficients for the normal incidence of electromagnetic waves on the system in two opposite directions are measured. The effect of the substrate thickness on the magnitude of the microwave giant magnetoresistance effect during reflection and on nonreciprocity in the system is investigated. The influence of an external magnetic field on the nonreciprocity parameter is investigated. It has been established that under the conditions of nonreciprocity, the microwave giant magnetoresistance effect increases significantly when the wave is reflected. Keywords: metal superlattices, microwave giant magnetoresistance effect, microwaves, transmission and reflection coefficients, nonreciprocity.