Yitzhak Rabin journalist Dan Margalit revealed that a joint dollar account in the names of Yitzhak and Leah Rabin, opened in a Washington, D.C., bank during Rabin's term of office as Israel ambassador (1968–73), was still open, in breach of Israeli law. According to Israeli currency regulations at the time, it was illegal for citizens to maintain foreign bank accounts without prior authorization. Rabin resigned on 8 April 1977, following the revelation by "Maariv" journalist S. Isaac Mekel that the Rabins held two accounts in Washington, not one, containing $10,000, and that a Finance Ministry administrative penalty committee fined them IL150,000. Rabin
Yitzhak Rabin with the PLO. From 1990 to 1992, Rabin again served as a Knesset member and sat on the Foreign Affairs and Defense Committee. In 1992 Rabin was elected as chairman of the Labor Party, winning against Shimon Peres. In the elections that year his party, strongly focusing on the popularity of its leader, managed to win a clear victory over the Likud of incumbent Prime Minister Yitzhak Shamir. However, the left-wing bloc in the Knesset only won an overall narrow majority, facilitated by the disqualification of small nationalist parties that did not manage to pass the electoral threshold. Rabin formed