The magnetoimpedance phenomenon is observed in soft magnetic metals, and phenomenologically consists of the change of the AC impedance, Z = R + iX (where R is the real part, or resistance, and X is the imaginary part, or reactance), when submitted to a static magnetic field, H0. The giant magnetoimpedance (GMI) effect consists of the huge change of both real and imaginary parts of the impedance upon the application of static magnetic field.