That's a very good question. The answer is yes. However, the so-called short scale billion has also been in use in the UK since 1974 and no institutions I'm aware of use the long-scale billion any more.
I think the idea of the British billion being the long scale 10^12 has remained in our minds though as school teachers continued to teach the concept well into the 80s and 90s not realising it was no longer official.
Hope that helps!
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